HDGE AdvisorShares Ranger Equity Bear ETF Forecast, Technical & Fundamental Analysis
HDGE in +1.00% Uptrend, rising for three consecutive days on December 17, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where HDGE advanced for three days, in of 270 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where HDGE's RSI Indicator exited the oversold zone, of 38 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on December 12, 2024. You may want to consider a long position or call options on HDGE as a result. In of 75 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 HDGE just turned positive on December 05, 2024. Looking at past instances where HDGE's MACD turned positive, the stock continued to rise in of 54 cases over the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HDGE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HDGE broke above its upper Bollinger Band on December 17, 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.
The Aroon Indicator for HDGE entered a downward trend on December 05, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Trading
| 1 Day | |||
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| MFs / NAME | Price $ | Chg $ | Chg % |
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| HSRUX | 33.04 | -0.48 | -1.43% |
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HDGE and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, HDGE has been closely correlated with TZA. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if HDGE jumps, then TZA could also see price increases.
| Ticker / NAME | Correlation To HDGE | 1D Price Change % | ||
|---|---|---|---|---|
| HDGE | 100% | +0.82% | ||
| TZA - HDGE | 91% Closely correlated | +3.51% | ||
| CARD - HDGE | 78% Closely correlated | +1.02% | ||
| JETD - HDGE | 71% Closely correlated | +0.90% | ||
| SPXS - HDGE | 69% Closely correlated | +1.22% | ||
| SPXU - HDGE | 66% Loosely correlated | +1.38% | ||
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