HDG Stock ProShares Hedge Replication (HDG, $49.9) RSI Indicator left the overbought zone on September 27, 2024

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HDG - ProShares Hedge Replication

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Odds of DOWN Trend

Price: $49.9

Daily change: +$0.03 (+0.06%)

Daily volume: 554

Net Assets: $28.2M

HDG in -0.70% downward trend, falling for three consecutive days on October 31, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where HDG declined for three days, in of 273 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

HDG 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 05, 2024. You may want to consider a long position or call options on HDG as a result. In of 84 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 HDG just turned positive on November 06, 2024. Looking at past instances where HDG's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

HDG moved above its 50-day moving average on November 01, 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 HDG advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .