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LTL
ETF ticker: NYSE ARCA
AS OF
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Net Assets
1.39M

LTL ProShares Ultra Communication Services Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for LTL with price predictions
07:00 PM EST Dec 04, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Netflix (NASDAQ:NFLX), Walt Disney Company (The) (NYSE:DIS), Comcast Corp (NASDAQ:CMCSA), Verizon Communications (NYSE:VZ), AT&T (NYSE:T), Electronic Arts (NASDAQ:EA), Take-Two Interactive Software (NASDAQ:TTWO).

Industry description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Communication Services Select Sector Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is constructed and maintained by S&P Dow Jones Indices LLC. The index represents the communication services sector of the S&P 500 Index. The fund is non-diversified.

Market Cap

The average market capitalization across the ProShares Ultra Communication Services ETF is 68.12B. The market cap for tickers in the group ranges from 8.6B to 1.73T. GOOG holds the highest valuation in this group at 1.73T. The lowest valued company is MTCH at 8.6B.

High and low price notable news

The average weekly price growth across all stocks in the ProShares Ultra Communication Services ETF was -5%. For the same ETF, the average monthly price growth was 3%, and the average quarterly price growth was 14%. PARA experienced the highest price growth at 12%, while CHTR experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the ProShares Ultra Communication Services ETF was -31%. For the same stocks of the ETF, the average monthly volume growth was -51% and the average quarterly volume growth was -45%

Fundamental Analysis Ratings

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

Valuation Rating: 59
P/E Growth Rating: 55
Price Growth Rating: 51
SMR Rating: 70
Profit Risk Rating: 75
Seasonality Score: 29 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To LTL
1D Price
Change %
LTL100%
-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%