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HDGE
ETF ticker: NYSE ARCA
AS OF
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Net Assets
117.8M

HDGE AdvisorShares Ranger Equity Bear ETF Forecast, Technical & Fundamental Analysis

Category BearMarket
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for HDGE with price predictions
08:00 PM EDT Sep 21, 2023

HDGE's RSI Oscillator remains in overbought zone for 1 day

Watch for a price pull-back in the near future.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 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 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 September 21, 2023. 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 September 07, 2023. You may want to consider a long position or call options on HDGE as a result. In of 76 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 September 06, 2023. Looking at past instances where HDGE's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

HDGE moved above its 50-day moving average on September 01, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for HDGE crossed bullishly above the 50-day moving average on August 23, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 HDGE advanced for three days, in of 257 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 108 cases where HDGE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks capital appreciation through short sales of domestically traded equity securities. The Sub-Advisor seeks to achieve the fund's investment objective by short selling a portfolio of liquid mid- and large-cap U.S. exchange-traded equity securities, ETFs, ETNs and other exchange-traded products. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in short positions in equity securities. The Sub-Advisor implements a bottom-up, fundamental, research driven security selection process.

Market Cap

The average market capitalization across the AdvisorShares Ranger Equity Bear ETF ETF is 19.19B. The market cap for tickers in the group ranges from 2.11B to 5.77B. CFR holds the highest valuation in this group at 5.77B. The lowest valued company is KW at 2.11B.

High and low price notable news

The average weekly price growth across all stocks in the AdvisorShares Ranger Equity Bear ETF ETF was 1%. For the same ETF, the average monthly price growth was 6%, and the average quarterly price growth was 55%. CFR experienced the highest price growth at -6%, while KW experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the AdvisorShares Ranger Equity Bear ETF ETF was -55%. For the same stocks of the ETF, the average monthly volume growth was 10% and the average quarterly volume growth was -31%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 65
P/E Growth Rating: 43
Price Growth Rating: 52
SMR Rating: 54
Profit Risk Rating: 65
Seasonality Score: -24 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category BearMarket

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
AdvisorShares Trust Suite 7003 Bethesda Metro CenterBethesda
Phone
(202) 684-6383
Web
www.advisorshares.com
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HDGE and

Correlation & Price change

A.I.dvisor indicates that over the last year, HDGE has been closely correlated with SPXS. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if HDGE jumps, then SPXS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HDGE
1D Price
Change %
HDGE100%
+0.74%
SPXS - HDGE
82%
Closely correlated
+0.85%
SDS - HDGE
81%
Closely correlated
+0.55%
SH - HDGE
81%
Closely correlated
+0.28%
SPXU - HDGE
81%
Closely correlated
+0.78%
SQQQ - HDGE
78%
Closely correlated
-0.05%
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