RXL Stock ProShares Ultra Health Care (RXL, $48.78) Moving Average Convergence Divergence (MACD) Histogram turned negative on November 14, 2024

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RXL - ProShares Ultra Health Care

MACD signal

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Odds of DOWN Trend

Price: $48.78

Daily change: -$1.69 (-3.34%)

Daily volume: 8.1K

Net Assets: $86.7M

RXL in downward trend: price dove below 50-day moving average on October 15, 2024

RXL moved below its 50-day moving average on October 15, 2024 date and that indicates a change from an upward trend to a downward trend. In of 42 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on RXL as a result. In of 91 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 RXL turned negative on November 14, 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 40 similar instances when the indicator turned negative. In of the 40 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 RXL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for RXL entered a downward trend on October 28, 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.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RXL advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .

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