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REK
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
37.47M

REK ProShares Short Real Estate Forecast, Technical & Fundamental Analysis

Category BearMarket
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for REK with price predictions
07:00 PM EST Nov 27, 2023

Momentum Indicator for REK turns negative, indicating new downward trend

REK saw its Momentum Indicator move below the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned negative. In of the 83 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for REK turned negative on November 01, 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

REK moved below its 50-day moving average on November 14, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for REK crossed bearishly below the 50-day moving average on November 14, 2023. 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 REK 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 REK entered a downward trend on November 28, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for REK's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where REK advanced for three days, in of 278 cases, the price rose further within the following month. The odds of a continued upward trend are .

REK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

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 the inverse (-1x) of the daily performance of the S&P Real Estate Select Sector Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is constructed and maintained by S&P Dow Jones Indices LLC. The index represents the real estate sector of the S&P 500 Index. 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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REK and

Correlation & Price change

A.I.dvisor indicates that over the last year, REK has been closely correlated with SH. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if REK jumps, then SH could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To REK
1D Price
Change %
REK100%
-0.24%
SH - REK
69%
Closely correlated
N/A
SPXU - REK
69%
Closely correlated
-0.20%
SDS - REK
69%
Closely correlated
-0.09%
SPXS - REK
68%
Closely correlated
-0.08%
SQQQ - REK
55%
Loosely correlated
-0.69%
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