RXD ProShares UltraShort Health Care Forecast, Technical & Fundamental Analysis

RXD's RSI Oscillator penetrating overbought territory

The RSI Oscillator for RXD moved into overbought territory on September 06, 2023. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Momentum Indicator moved below the 0 level on September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on RXD as a result. In of 83 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 50-day moving average for RXD moved below the 200-day moving average on September 08, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

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

RXD broke above its upper Bollinger Band on September 05, 2023. 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.

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for RXD just turned positive on August 16, 2023. Looking at past instances where RXD's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

RXD moved above its 50-day moving average on August 31, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for RXD crossed bullishly above the 50-day moving average on September 05, 2023. 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 RXD advanced for three days, in of 269 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 142 cases where RXD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)