EQRR ProShares Equities for Rising Rates ETF Forecast, Technical & Fundamental Analysis
EQRR sees MACD Histogram crosses below signal line
EQRR saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 19, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 40 instances where the indicator turned negative. In of the 40 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on EQRR as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
EQRR moved below its 50-day moving average on September 19, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for EQRR crossed bearishly below the 50-day moving average on September 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 EQRR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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 61 cases where EQRR'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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EQRR advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .
EQRR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeValue
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MSHMX | 12.58 | N/A | N/A |
| Morgan Stanley Inst Permanence I | |||
| HGOTX | 44.40 | -0.03 | -0.07% |
| Hartford Growth Opportunities R5 | |||
| SXPCX | 38.59 | -0.11 | -0.28% |
| DWS S&P 500 Index C | |||
| LMVOX | 25.80 | -0.13 | -0.50% |
| Lord Abbett Focused Small Cap Value F3 | |||
| LIRRX | 7.19 | -0.05 | -0.69% |
| Lord Abbett International Value R3 | |||
EQRR and
Correlation & Price change
A.I.dvisor indicates that over the last year, EQRR has been closely correlated with IWD. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if EQRR jumps, then IWD could also see price increases.
| Ticker / NAME | Correlation To EQRR | 1D Price Change % | ||
|---|---|---|---|---|
| EQRR | 100% | -0.94% | ||
| IWD - EQRR | 85% Closely correlated | -0.47% | ||
| VYM - EQRR | 85% Closely correlated | -0.54% | ||
| VTV - EQRR | 84% Closely correlated | -0.65% | ||
| SCHD - EQRR | 83% Closely correlated | -0.35% | ||
| DIA - EQRR | 78% Closely correlated | -0.50% |