REW ProShares UltraShort Technology Forecast, Technical & Fundamental Analysis

REW's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for REW turned positive on February 24, 2025. Looking at past instances where REW's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 21, 2025. You may want to consider a long position or call options on REW as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

REW moved above its 50-day moving average on February 24, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for REW crossed bullishly above the 50-day moving average on February 28, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 REW advanced for three days, in of 261 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

REW broke above its upper Bollinger Band on March 03, 2025. 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.