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EFO Stock ProShares Ultra MSCI EAFE (EFO, $44.15) entered Downtrend as Momentum indicator drops below 0 level on Dec 13, 2024

A.I.dvisor
at Tickeron.com
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EFO - ProShares Ultra MSCI EAFE
Momentum signal
Bearish Trend
Odds of DOWN Trend
Tickeron
Momentum signal
Price: $44.15
Daily change: -$0.25 (-0.56%)
Daily volume: 525
Net Assets: $8.7M
This indicator may be signaling that EFO's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 81 similar cases where EFO's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:

EFO sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for EFO moved below the 200-day moving average on December 05, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EFO as a result. In of 80 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 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 .

EFO broke above its upper Bollinger Band on December 02, 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 EFO entered a downward trend on December 03, 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.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where EFO's RSI Indicator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

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.

The Moving Average Convergence Divergence (MACD) for EFO just turned positive on November 25, 2024. Looking at past instances where EFO's MACD turned positive, the stock continued to rise in of 43 cases 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 EFO advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .

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EFO
Daily Signalchanged days ago
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A.I. Advisor
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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