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EQRR
ETF ticker: NASDAQ
AS OF
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Net Assets
29.68M

EQRR ProShares Equities for Rising Rates ETF Forecast, Technical & Fundamental Analysis

Category LargeValue
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for EQRR with price predictions
08:00 PM EDT Sep 28, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), Caterpillar (NYSE:CAT), General Electric Company (NYSE:GE), Booking Holdings (NASDAQ:BKNG), American Express Company (NYSE:AXP), Charles Schwab Corp (The) (NYSE:SCHW), Schlumberger Limited (NYSE:SLB), EOG Resources (NYSE:EOG), MARATHON PETROLEUM Corp (NYSE:MPC).

Industry description

The investment seeks investment results, before fees and expenses, that track the performance of the Nasdaq U.S. Large Cap Equities for Rising Rates Index (the "index"). The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities. The index consists of 50 companies whose stock prices historically have tended to outperform the Universe during periods of rising interest rates.

Market Cap

The average market capitalization across the ProShares Equities for Rising Rates ETF ETF is 53B. The market cap for tickers in the group ranges from 11.14B to 219B. BAC holds the highest valuation in this group at 219B. The lowest valued company is IPG at 11.14B.

High and low price notable news

The average weekly price growth across all stocks in the ProShares Equities for Rising Rates ETF ETF was 1%. For the same ETF, the average monthly price growth was -3%, and the average quarterly price growth was 4%. STLD experienced the highest price growth at 6%, while SYF experienced the biggest fall at -3%.

Volume

The average weekly volume growth across all stocks in the ProShares Equities for Rising Rates ETF ETF was 18%. For the same stocks of the ETF, the average monthly volume growth was 43% and the average quarterly volume growth was -10%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 55
P/E Growth Rating: 52
Price Growth Rating: 48
SMR Rating: 41
Profit Risk Rating: 56
Seasonality Score: -12 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeValue

Profile
Fundamentals
Details
Category
Large Value
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EQRR
1D Price
Change %
EQRR100%
-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%