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CSM Stock Tickeron detected bearish ETF Pattern: Three Falling Peaks CSM on February 11, 2025, netting in a 1.59% gain over 2 weeks

A.I.dvisor
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+1.59% Gain from a Successful pattern Three Falling Peaks
CSM - ProShares Large Cap Core Plus
Tickeron
Ticker: CSM
Company: ProShares Large Cap Core Plus
Gain from shortening: +1.59%
Confirmed: 02/11/25
Succeeded: 02/26/25
Total length: 20 days
On February 06, 2025, A.I.dvisor detected a Three Falling Peaks Pattern (Bearish) for ProShares Large Cap Core Plus (CSM, $68.48). 5 days later, on February 11, 2025, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On February 26, 2025, the stock hit the target price of $66.70 – resulting in a gain for traders who shorted the stock on the pattern detection date.

CSM sees MACD Histogram crosses below signal line

CSM saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on February 21, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 21, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CSM as a result. In of 66 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

CSM moved below its 50-day moving average on February 21, 2025 date and that indicates a change from an upward trend to a downward trend.

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

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CSM's RSI Indicator exited the oversold zone, of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The 10-day moving average for CSM crossed bullishly above the 50-day moving average on January 27, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CSM advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .

CSM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 418 cases where CSM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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CSM
Daily Signalchanged days ago
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General Information

Category LargeBlend

Profile
Fundamentals
Details
Category
Large Blend
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com