ProShares UltraShort Bloomberg Crude Oil (SCO, $16.71) entered Downtrend as Momentum indicator drops below 0 level on Jul 09, 2025

@Trading, #TechnicalAnalysis, #Momentum, #Bearish, #ETFs
SCO - ProShares UltraShort Bloomberg Crude Oil
Momentum signal
Bearish Trend
90%
Odds of DOWN Trend
Price: $16.71
Daily change: +$0.11 (+0.66%)
Daily volume: 1.3M
Net Assets: $132.2M

This indicator may be signaling that SCO's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 88 similar cases where SCO's Momentum Indicator fell below the 0 level, and 84 of them led to a successful outcome. Odds of Success: 90%.