More of the same for BZQ: down 52.22 cents (3.58%) for a 8th consecutive day

Friday at a glance: a tough session dominated by bearish sentiment left BZQ 52.22 cents lower, while setting a $14 to $14.41 session range.

Trend and momentum analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to momentum evaluation, the Relative Strength Index indicates ProShares UltraShort MSCI Brazil Capped is in an oversold condition, which could precipitate a reversal and set up a new bullish phase. Analysis based on the asset volatility indicates that Bollinger Bands® shows an indication of recovery: the lower band is at $13.96, a low enough level to, generally, suggest that ProShares UltraShort MSCI Brazil Capped is trading below its fair value. Analysis of ProShares UltraShort MSCI Brazil Capped's recent price action suggests although ProShares UltraShort MSCI Brazil Capped is pointing down today (was as low as $14), it's climbing away from the $13.84 support line and is now 20 cents above it.

All in all, the technical analysis suggests ProShares UltraShort MSCI Brazil Capped has no clear-cut direction.

In the meantime, negative performances are also seen in other markets, ProLogis is down to $121.31, losing $3.6, after ending the previous session around $124.91.

Positive performances can be seen by looking at other markets as notably, Adobe rose 3.41% Friday and closed at $439.03. Tesla rallies 4.06% Friday and closed at $234.86.

Furthermore, United States Consumer Price Index figure is projected at 0.3%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC.

All in all, the fund has been on a negative trend for around a month. ProShares UltraShort MSCI Brazil Capped hit a significant low of $14.04 around 3 days ago, but has since recovered 3.72%.