LTL ProShares Ultra Communication Services Forecast, Technical & Fundamental Analysis
LTL sees MACD Histogram just turned negative
LTL saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 01, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 47 instances where the indicator turned negative. In of the 47 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for LTL moved out of overbought territory on November 27, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 67 cases where LTL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on November 30, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on LTL as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LTL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
LTL moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for LTL crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 LTL advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .
LTL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 262 cases where LTL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Trading
LTL and
Correlation & Price change
A.I.dvisor tells us that LTL and SOXL have been poorly correlated (+2% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that LTL and SOXL's prices will move in lockstep.
| Ticker / NAME | Correlation To LTL | 1D Price Change % | ||
|---|---|---|---|---|
| LTL | 100% | -1.26% | ||
| SOXL - LTL | 2% Poorly correlated | -1.79% | ||
| SSO - LTL | 1% Poorly correlated | -0.03% | ||
| SPXL - LTL | 1% Poorly correlated | -0.13% | ||
| TQQQ - LTL | -1% Poorly correlated | +0.72% | ||
| QLD - LTL | -2% Poorly correlated | +0.52% |