ONLN ProShares Online Retail ETF Forecast, Technical & Fundamental Analysis
ONLN saw its Stochastic Oscillator leaves the overbought zone
The Stochastic Oscillator for ONLN moved out of overbought territory on December 10, 2024. 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 57 similar instances where the indicator exited the overbought zone. In of the 57 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for ONLN moved out of overbought territory on December 10, 2024. 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 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ONLN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ONLN broke above its upper Bollinger Band on November 25, 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 25, 2024. You may want to consider a long position or call options on ONLN as a result. In of 68 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 ONLN just turned positive on November 25, 2024. Looking at past instances where ONLN's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
ONLN moved above its 50-day moving average on November 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 ONLN advanced for three days, in of 334 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 291 cases where ONLN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category ConsumerDiscretionary
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| USRAX | 33.62 | -0.11 | -0.33% |
| Horizon Multi-Factor U.S. Equity Inv | |||
| MITBX | 39.24 | -0.19 | -0.48% |
| MFS Massachusetts Investors Tr B | |||
| REQAX | 51.39 | -0.25 | -0.48% |
| Russell Inv Sustainable Equity A | |||
| SDLAX | 24.67 | -0.15 | -0.60% |
| SEI Dynamic Asset Allocation A (SIIT) | |||
| PMPSX | 42.09 | -0.56 | -1.31% |
| ProFunds Precious Metals UltraSector Svc | |||
ONLN and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, ONLN has been closely correlated with PEJ. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if ONLN jumps, then PEJ could also see price increases.
| Ticker / NAME | Correlation To ONLN | 1D Price Change % | ||
|---|---|---|---|---|
| ONLN | 100% | -0.29% | ||
| PEJ - ONLN | 81% Closely correlated | -0.92% | ||
| FXD - ONLN | 79% Closely correlated | -0.36% | ||
| VCR - ONLN | 79% Closely correlated | +0.10% | ||
| FDIS - ONLN | 78% Closely correlated | +0.34% | ||
| XRT - ONLN | 74% Closely correlated | -0.86% | ||
More | ||||