SCO

Technical Sentiment Analysis for ProShares UltraShort Bloomberg Crude Oil (SCO). As of 2026-07-08, ProShares UltraShort Bloomberg Crude Oil (SCO) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 3 indicators are flashing buy, while 9 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SCO stands at 49.51, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 1.17, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 56.61 and the Commodity Channel Index (CCI) at -0.97 further confirm a -1.05 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, SCO is trading below its 60-day moving average of $30.23 and below its 200-day long-term moving average of $54.13. Key price levels to watch include the immediate resistance at $36.89 and strong support at $32.2. A break above $36.89 could signal a bull continuation, while falling below $32.2 may test the next Fibonacci floor at $29.7.