ROM Stock ProShares Ultra Technology (ROM, $69.29) entered Downtrend as Momentum indicator drops below 0 level on Nov 20, 2024

GET DAILY SIGNALS

Get AI intraday signals

ROM - ProShares Ultra Technology

Momentum signal

View

Odds of DOWN Trend

Price: $69.29

Daily change: -$0.19 (-0.27%)

Daily volume: 26.7K

Net Assets: $738.2M

ROM saw its Stochastic Oscillator leaves the overbought zone

The Stochastic Oscillator for ROM 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 60 similar instances where the indicator exited the overbought zone. In of the 60 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 20, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ROM as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ROM turned negative on November 15, 2024. 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ROM 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

ROM moved above its 50-day moving average on November 05, 2024 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 ROM advanced for three days, in of 386 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

The Aroon Indicator entered an Uptrend today. In of 366 cases where ROM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .