DXD Stock ProShares UltraShort Dow30 (DXD, $26.29) price moved above its 50-day Moving Average on December 17, 2024

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DXD - ProShares UltraShort Dow30

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Odds of UP Trend

Price: $26.29

Daily change: +$0.35 (+1.35%)

Daily volume: 485.8K

Net Assets: $61.2M

DXD in +1.82% Uptrend, growing for three consecutive days on December 17, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where DXD advanced for three days, in of 260 cases, the price rose further within the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where DXD's RSI Oscillator exited the oversold zone, of 36 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on December 10, 2024. You may want to consider a long position or call options on DXD as a result. In of 80 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 DXD just turned positive on December 09, 2024. Looking at past instances where DXD's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

DXD moved above its 50-day moving average on December 17, 2024 date and that indicates a change from a downward trend to an upward trend.

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 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 DXD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DXD broke above its upper Bollinger Band on December 12, 2024. 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 DXD entered a downward trend on December 11, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.