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EEV
ETF ticker:
NYSE ARCA
AS OF
Jul 1 closing price
Price
$23.20
Change
+$0.40 (+1.75%)
Net Assets
11.51M

EEV Price Prediction, ProShares UltraShort MSCI Emerging Mkts 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

EEV's Indicator enters downward trend

The Aroon Indicator for EEV entered a downward trend on June 15, 2022. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 317 similar instances where the Aroon Indicator formed such a pattern. In 294 of the 317 cases the stock moved lower. This puts the odds of a downward move at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on July 01, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on EEV as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 EEV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

EEV broke above its upper Bollinger Band on June 13, 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.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 72 cases where EEV's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for EEV just turned positive on June 30, 2022. Looking at past instances where EEV's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

EEV moved above its 50-day moving average on June 09, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for EEV crossed bullishly above the 50-day moving average on June 16, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 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 EEV advanced for three days, in of 263 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 MSCI Emerging Markets 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 includes 85% of the free float-adjusted market capitalization in emerging market countries. The fund is non-diversified.
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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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EEV and

Correlation & Price change

A.I.dvisor indicates that over the last year, EEV has been loosely correlated with SQQQ. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if EEV jumps, then SQQQ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EEV
1D Price
Change %
EEV100%
+2.65%
SQQQ - EEV
59%
Loosely correlated
-2.07%
PSQ - EEV
58%
Loosely correlated
-0.56%
SPXU - EEV
58%
Loosely correlated
-2.97%
SDS - EEV
58%
Loosely correlated
-2.05%
SH - EEV
57%
Loosely correlated
-1.03%