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MZZ
ETF ticker:
NYSE ARCA
AS OF
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Net Assets
2.58M

MZZ ProShares UltraShort MidCap400 Forecast, Technical & Fundamental Analysis

Category BearMarket
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for MZZ with price predictions
08:00 PM EDT Jun 01, 2023

MZZ saw its Stochastic Oscillator recovers from the overbought zone

The Stochastic Oscillator for MZZ moved out of overbought territory on June 02, 2023. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 55 similar instances where the indicator exited the overbought zone. In of the 55 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 02, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on MZZ as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for MZZ turned negative on June 02, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

MZZ moved below its 50-day moving average on June 02, 2023 date and that indicates a change from an upward trend to a downward trend.

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 .

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MZZ advanced for three days, in of 285 cases, the price rose further within the following month. The odds of a continued upward trend are .

MZZ 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 108 cases where MZZ 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 daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P MidCap 400® Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is a measure of mid-size company U.S. stock market performance. The fund is non-diversified.
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A.I. Advisor
published General Information

General Information

Category BearMarket

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

Correlation & Price change

A.I.dvisor tells us that MZZ and SOXS have been poorly correlated (+6% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that MZZ and SOXS's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MZZ
1D Price
Change %
MZZ100%
-6.63%
SOXS - MZZ
6%
Poorly correlated
+0.51%
SPXU - MZZ
3%
Poorly correlated
-4.23%
SDS - MZZ
3%
Poorly correlated
-2.85%
SQQQ - MZZ
3%
Poorly correlated
-2.16%
SPXS - MZZ
3%
Poorly correlated
-4.20%
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