PSQ Stock ProShares Short QQQ (PSQ, $38.55) entered Uptrend as Momentum indicator ascends above 0 level on Nov 20, 2024

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PSQ - ProShares Short QQQ

Momentum signal

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Odds of UP Trend

Price: $38.55

Daily change: +$0.05 (+0.13%)

Daily volume: 5M

Net Assets: $518.7M

PSQ in upward trend: price expected to rise as it breaks its lower Bollinger Band on November 06, 2024

PSQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 46 cases where PSQ's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 61 cases where PSQ's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 20, 2024. You may want to consider a long position or call options on PSQ as a result. In of 73 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 PSQ just turned positive on November 18, 2024. Looking at past instances where PSQ's MACD turned positive, the stock continued to rise in of 47 cases 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 PSQ advanced for three days, in of 228 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PSQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for PSQ entered a downward trend on November 12, 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.