HDGE AdvisorShares Ranger Equity Bear ETF Forecast, Technical & Fundamental Analysis
HDGE's RSI Oscillator remains in overbought zone for 1 day
Watch for a price pull-back in the near future.
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)
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category BearMarket
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.
| Ticker / NAME | Correlation To HDGE | 1D Price Change % | ||
|---|---|---|---|---|
| HDGE | 100% | +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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