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REK Stock ProShares Short Real Estate (REK, $17.69) Stochastic Oscillator left the overbought zone on January 08, 2025

A.I.dvisor
at Tickeron.com
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REK - ProShares Short Real Estate
Stochastic signal
Bearish Trend
Odds of DOWN Trend
Tickeron
Stochastic signal
Price: $17.69
Daily change: -$0.05 (-0.3%)
Daily volume: 9.2K
Net Assets: $11.8M
This is a signal that REK's price trend could be reversing, and it may be an opportunity to sell the stock or take a defensive position. A.I.dvisor identified 62 similar cases where REK's stochastic oscillator exited the overbought zone, and of them led to successful outcomes. Odds of Success:

REK's RSI Indicator recovers from overbought zone

The 10-day RSI Oscillator for REK moved out of overbought territory on December 23, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 instances where the indicator moved out of the overbought zone. In of the 33 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

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 .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 07, 2025. You may want to consider a long position or call options on REK as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 REK advanced for three days, in of 287 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 143 cases where REK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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REK
Daily Signalchanged days ago
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General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com