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DUG
ETF ticker:
NYSE ARCA
AS OF
Jul 1 closing price
Price
$21.77
Change
-$0.52 (-2.33%)
Net Assets
41.39M

DUG Price Prediction, ProShares UltraShort Oil & Gas AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

DUG's RSI Indicator recovers from overbought zone

The 10-day RSI Oscillator for DUG moved out of overbought territory on June 24, 2022. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 26 instances where the indicator moved out of the overbought zone. In 24 of the 26 cases the stock moved lower in the days that followed. This puts the odds of a move down at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 55 cases where DUG's Stochastic Oscillator exited the overbought zone, the price fell further within 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 DUG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DUG broke above its upper Bollinger Band on June 15, 2022. 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.

The Aroon Indicator for DUG entered a downward trend on June 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 13, 2022. You may want to consider a long position or call options on DUG as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for DUG just turned positive on June 13, 2022. Looking at past instances where DUG's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .

DUG moved above its 50-day moving average on June 16, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for DUG crossed bullishly above the 50-day moving average on June 24, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 +1 3-day Advance, the price is estimated to grow further. Considering data from situations where DUG advanced for three days, in of 281 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
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A.I.Advisor
published price charts
AI
A.I.Advisor
published Highlights

Industry description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Oil & GasSM 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 designed to measure the stock performance of U.S. companies in the oil and gas sector. The fund is non-diversified.
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AI
A.I. Advisor
published General Information

General Information

Category BearMarket

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

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DUG and

Correlation & Price change

A.I.dvisor indicates that over the last year, DUG has been loosely correlated with SH. These tickers have moved in lockstep 42% of the time. This A.I.-generated data suggests there is some statistical probability that if DUG jumps, then SH could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DUG
1D Price
Change %
DUG100%
-2.68%
SH - DUG
42%
Loosely correlated
-1.03%
SDS - DUG
41%
Loosely correlated
-2.05%
SPXU - DUG
41%
Loosely correlated
-2.97%
SQQQ - DUG
27%
Poorly correlated
-2.07%
PSQ - DUG
27%
Poorly correlated
-0.56%