QLD Stock ProShares Ultra QQQ (QLD, $102.95) Stochastic Oscillator left the overbought zone on November 15, 2024

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QLD - ProShares Ultra QQQ

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Odds of DOWN Trend

Price: $102.95

Daily change: -$5.23 (-4.83%)

Daily volume: 3.5M

Net Assets: $7.8B

QLD saw its Stochastic Oscillator recovers from the overbought zone

The Stochastic Oscillator for QLD moved out of overbought territory on November 15, 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 63 similar instances where the indicator exited the overbought zone. In of the 63 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 QLD moved out of overbought territory on November 11, 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 46 similar instances where the indicator moved out of overbought territory. In of the 46 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 QLD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

QLD broke above its upper Bollinger Band on November 06, 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 06, 2024. You may want to consider a long position or call options on QLD as a result. In of 79 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 QLD just turned positive on November 07, 2024. Looking at past instances where QLD'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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QLD advanced for three days, in of 382 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 405 cases where QLD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .