EUO Stock ProShares UltraShort Euro (EUO, $32.44) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 8, 2024

GET DAILY SIGNALS

Get AI intraday signals

EUO - ProShares UltraShort Euro

MACD signal

View

Odds of UP Trend

Price: $32.44

Daily change: +$0.5 (+1.57%)

Daily volume: 15K

Net Assets: $39.1M

EUO sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for EUO moved above the 200-day moving average on November 12, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

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 EUO as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for EUO just turned positive on November 08, 2024. Looking at past instances where EUO's MACD turned positive, the stock continued to rise in of 51 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 EUO advanced for three days, in of 301 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 231 cases where EUO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 EUO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

EUO broke above its upper Bollinger Band on November 11, 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.