BOIL ProShares Ultra Bloomberg Natural Gas Forecast, Technical & Fundamental Analysis

Momentum Indicator for BOIL turns positive, indicating new upward trend

BOIL saw its Momentum Indicator move above the 0 level on February 10, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned positive. In of the 78 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for BOIL just turned positive on February 11, 2025. Looking at past instances where BOIL's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

BOIL moved above its 50-day moving average on February 03, 2025 date and that indicates a change from a downward trend to an upward trend.

The 50-day moving average for BOIL moved above the 200-day moving average on February 21, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where BOIL advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 166 cases where BOIL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BOIL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BOIL broke above its upper Bollinger Band on February 18, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.