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FXP
ETF ticker: NYSE ARCA
AS OF
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Net Assets
19.69M

FXP ProShares UltraShort FTSE China 50 Forecast, Technical & Fundamental Analysis

Category BearMarket
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FXP with price predictions
07:00 PM EST Nov 27, 2023

FXP's Stochastic Oscillator penetrating overbought zone

The Stochastic Oscillator for FXP moved into overbought territory on November 28, 2023. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for FXP moved out of overbought territory on October 23, 2023. 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 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The 10-day moving average for FXP crossed bearishly below the 50-day moving average on November 16, 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 FXP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for FXP entered a downward trend on November 27, 2023. 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 Momentum Indicator moved above the 0 level on November 28, 2023. You may want to consider a long position or call options on FXP as a result. In of 90 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 FXP just turned positive on November 28, 2023. Looking at past instances where FXP's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

FXP moved above its 50-day moving average on November 27, 2023 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 FXP advanced for three days, in of 316 cases, the price rose further within the following month. The odds of a continued upward trend are .

FXP 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

Industry description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the FTSE China 50 Index®. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The fund will obtain inverse leveraged exposure to at least 80% of its total assets in component securities of the index or in instruments with similar economic characteristics. The fund is non-diversified.
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A.I. Advisor
published General Information

General Information

Category BearMarket

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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FXP and

Correlation & Price change

A.I.dvisor indicates that over the last year, FXP has been loosely correlated with SPXS. These tickers have moved in lockstep 42% of the time. This A.I.-generated data suggests there is some statistical probability that if FXP jumps, then SPXS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FXP
1D Price
Change %
FXP100%
+2.42%
SPXS - FXP
42%
Loosely correlated
-0.08%
SDS - FXP
42%
Loosely correlated
-0.09%
SPXU - FXP
41%
Loosely correlated
-0.20%
SH - FXP
41%
Loosely correlated
N/A
SQQQ - FXP
39%
Loosely correlated
-0.69%
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