PSQ Stock ProShares Short QQQ (PSQ, $39.06) Aroon Indicator entered a Downtrend on October 18, 2024.
PSQ's Indicator enters downward trend
The Aroon Indicator for PSQ entered a downward trend on October 18, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 436 similar instances where the Aroon Indicator formed such a pattern. In of the 436 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PSQ as a result. In of 70 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 10-day moving average for PSQ crossed bearishly below the 50-day moving average on September 20, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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 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 .
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 62 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 Moving Average Convergence Divergence (MACD) for PSQ just turned positive on October 17, 2024. Looking at past instances where PSQ'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 .
PSQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category Trading