FXP Stock ProShares UltraShort FTSE China 50 (FXP, $20.3) price moved above its 50-day Moving Average on November 22, 2024

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FXP - ProShares UltraShort FTSE China 50

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Odds of UP Trend

Price: $20.3

Daily change: +$0.92 (+4.73%)

Daily volume: 44.1K

Net Assets: $11.5M

FXP in upward trend: price rose above 50-day moving average on November 22, 2024

FXP moved above its 50-day moving average on November 22, 2024 date and that indicates a change from a downward trend to an upward trend. In of 51 similar past instances, the stock price increased further within 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 11, 2024. You may want to consider a long position or call options on FXP as a result. In of 97 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 FXP advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 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 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 .

FXP broke above its upper Bollinger Band on November 12, 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.