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EFO
ETF ticker: NYSE ARCA
AS OF
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Net Assets
8.38M

EFO ProShares Ultra MSCI EAFE Forecast, Technical & Fundamental Analysis

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

EFO in upward trend: price expected to rise as it breaks its lower Bollinger Band on September 21, 2023

EFO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 54 cases where EFO's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where EFO's RSI Indicator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EFO advanced for three days, in of 336 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on EFO as a result. In of 81 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 EFO turned negative on September 22, 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EFO 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 EFO entered a downward trend on August 29, 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

Industry description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the MSCI EAFE 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 covers approximately 85% of the free float-adjusted, market capitalization in developed market countries, excluding the U.S. and Canada. The fund is non-diversified.
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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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EFO and

Correlation & Price change

A.I.dvisor tells us that EFO and SPXL have been poorly correlated (+-12% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that EFO and SPXL's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EFO
1D Price
Change %
EFO100%
+0.11%
SPXL - EFO
-12%
Poorly correlated
-0.82%
SSO - EFO
-12%
Poorly correlated
-0.53%
SOXL - EFO
-15%
Poorly correlated
+2.41%
TQQQ - EFO
-15%
Poorly correlated
+0.07%
QLD - EFO
-15%
Poorly correlated
+0.08%