REW Stock ProShares UltraShort Technology (REW, $10.06) price moved above its 50-day Moving Average on January 07, 2025

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REW - ProShares UltraShort Technology

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Odds of UP Trend

Price: $10.06

Daily change: +$0.37 (+3.8%)

Daily volume: 75.2K

Net Assets: $5M

Momentum Indicator for REW turns positive, indicating new upward trend

REW saw its Momentum Indicator move above the 0 level on January 07, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 73 similar instances where the indicator turned positive. In of the 73 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for REW just turned positive on December 18, 2024. Looking at past instances where REW's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

REW moved above its 50-day moving average on January 07, 2025 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where REW advanced for three days, in of 255 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 51 cases where REW's Stochastic Oscillator exited the overbought zone, the price fell further within 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 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 December 19, 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.

The Aroon Indicator for REW entered a downward trend on December 17, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.