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MZZ
ETF ticker: NYSE ARCA
AS OF
Dec 20 closing price
Price
$9.87
Change
-$0.13 (-1.30%)
Net Assets
1.13M

MZZ ProShares UltraShort MidCap400 Forecast, Technical & Fundamental Analysis

Category Trading
MZZ
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for MZZ with price predictions
Dec 20, 2024

MZZ's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for MZZ turned positive on December 06, 2024. Looking at past instances where MZZ's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 09, 2024. You may want to consider a long position or call options on MZZ as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

MZZ moved above its 50-day moving average on December 18, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MZZ advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 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 MZZ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MZZ 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 MZZ 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.

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MZZ
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category Trading

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

Correlation & Price change

A.I.dvisor indicates that over the last year, MZZ has been closely correlated with SPXU. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if MZZ jumps, then SPXU could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MZZ
1D Price
Change %
MZZ100%
-1.30%
SPXU - MZZ
77%
Closely correlated
-3.41%
SH - MZZ
75%
Closely correlated
-1.11%
CARD - MZZ
75%
Closely correlated
-4.50%
JETD - MZZ
73%
Closely correlated
-3.06%
PSQ - MZZ
62%
Loosely correlated
-0.87%
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