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SAA
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
28.03M

SAA ProShares Ultra SmallCap600 Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SAA with price predictions
07:00 PM EST Dec 07, 2023

SAA in +3.21% Uptrend, advancing for three consecutive days on December 08, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SAA advanced for three days, in of 321 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 01, 2023. You may want to consider a long position or call options on SAA as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SAA just turned positive on November 02, 2023. Looking at past instances where SAA'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 .

SAA moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SAA crossed bullishly above the 50-day moving average on November 16, 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 .

The Aroon Indicator entered an Uptrend today. In of 294 cases where SAA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for SAA moved out of overbought territory on December 05, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

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

SAA broke above its upper Bollinger Band on December 04, 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Abercrombie & Fitch Co (NASDAQ:ANF), Signet Jewelers Limited (NASDAQ:SIG), California Resources Corp (NASDAQ:CRC), Arconic Corp (NASDAQ:ARNC), Tanger (NASDAQ:SKT), Genworth Financial (NASDAQ:GNW), Shake Shack (NASDAQ:SHAK), Livent Corp (NASDAQ:LTHM), Cal-Maine Foods (NASDAQ:CALM), Innovative Industrial Properties (NASDAQ:IIPR).

Industry description

The investment seeks daily investment results that correspond to two times (2x) the daily performance of the S&P SmallCap 600®. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. It is a market capitalization-weighted index of 600 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The index is a measure of small-cap company U.S. stock market performance. The fund is non-diversified.

Market Cap

The average market capitalization across the ProShares Ultra SmallCap600 ETF is 1.81B. The market cap for tickers in the group ranges from 107.24M to 7.29B. RMBS holds the highest valuation in this group at 7.29B. The lowest valued company is EBS at 107.24M.

High and low price notable news

The average weekly price growth across all stocks in the ProShares Ultra SmallCap600 ETF was 2%. For the same ETF, the average monthly price growth was 18%, and the average quarterly price growth was -0%. HA experienced the highest price growth at 174%, while DBI experienced the biggest fall at -33%.

Volume

The average weekly volume growth across all stocks in the ProShares Ultra SmallCap600 ETF was -16%. For the same stocks of the ETF, the average monthly volume growth was -3% and the average quarterly volume growth was 0%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 57
P/E Growth Rating: 50
Price Growth Rating: 50
SMR Rating: 65
Profit Risk Rating: 71
Seasonality Score: 27 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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SAA and

Correlation & Price change

A.I.dvisor tells us that SAA and SPXL have been poorly correlated (+17% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SAA and SPXL's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SAA
1D Price
Change %
SAA100%
+1.26%
SPXL - SAA
17%
Poorly correlated
+1.20%
SSO - SAA
17%
Poorly correlated
+0.83%
QLD - SAA
13%
Poorly correlated
+0.78%
TQQQ - SAA
13%
Poorly correlated
+1.20%
SOXL - SAA
9%
Poorly correlated
+2.24%