EQRR Stock Tickeron detected bullish ETF Pattern: Three Rising Valleys EQRR on November 05, 2024, netting in a 5.42% gain over 1 month

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EQRR - ProShares Equities for Rising Rates ETF

Ticker: EQRR

Company: ProShares Equities for Rising Rates ETF

Gain: +5.42%

Confirmed: 11/05/24

Succeeded: 11/21/24

Total length: 37 days

EQRR's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for EQRR turned positive on November 06, 2024. Looking at past instances where EQRR's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on EQRR as a result. In of 73 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

EQRR moved above its 50-day moving average on November 05, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EQRR advanced for three days, in of 276 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for EQRR moved out of overbought territory on November 14, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

EQRR broke above its upper Bollinger Band on November 06, 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.