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DDM
ETF ticker: NYSE ARCA
AS OF
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Net Assets
339.38M

DDM ProShares Ultra Dow30 Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for DDM with price predictions
08:00 PM EDT Sep 21, 2023

DDM's RSI Indicator entering oversold zone

The RSI Indicator for DDM moved into overbought territory on September 22, 2023. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

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

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

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DDM as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for DDM turned negative on September 20, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

DDM moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for DDM crossed bearishly below the 50-day moving average on August 24, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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

The Aroon Indicator for DDM entered a downward trend on September 06, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), VISA (NYSE:V), Unitedhealth Group (NYSE:UNH), Walmart (NYSE:WMT), JPMorgan Chase & Co (NYSE:JPM), Johnson & Johnson (NYSE:JNJ), Procter & Gamble Company (NYSE:PG), Chevron Corp (NYSE:CVX), Home Depot (NYSE:HD).

Industry description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones Industrial Average® Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is a price-weighted index and includes 30 large-cap, "blue-chip" U.S. stocks, excluding utility and transportation companies. The fund is non-diversified.

Market Cap

The average market capitalization across the ProShares Ultra Dow30 ETF is 337.33B. The market cap for tickers in the group ranges from 18.23B to 2.73T. AAPL holds the highest valuation in this group at 2.73T. The lowest valued company is WBA at 18.23B.

High and low price notable news

The average weekly price growth across all stocks in the ProShares Ultra Dow30 ETF was -4%. For the same ETF, the average monthly price growth was -3%, and the average quarterly price growth was 9%. UNH experienced the highest price growth at 4%, while INTC experienced the biggest fall at -10%.

Volume

The average weekly volume growth across all stocks in the ProShares Ultra Dow30 ETF was -52%. For the same stocks of the ETF, the average monthly volume growth was -25% and the average quarterly volume growth was -14%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 42
P/E Growth Rating: 48
Price Growth Rating: 46
SMR Rating: 45
Profit Risk Rating: 44
Seasonality Score: -21 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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DDM and

Correlation & Price change

A.I.dvisor indicates that over the last year, DDM has been closely correlated with SSO. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if DDM jumps, then SSO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DDM
1D Price
Change %
DDM100%
-0.65%
SSO - DDM
93%
Closely correlated
-0.53%
SPXL - DDM
93%
Closely correlated
-0.82%
QLD - DDM
78%
Closely correlated
+0.08%
TQQQ - DDM
78%
Closely correlated
+0.07%
SOXL - DDM
67%
Closely correlated
+2.41%