SCC Stock ProShares UltraShort Consumer Disc (SCC, $8.47) entered Uptrend as Momentum indicator ascends above 0 level on Dec 26, 2024

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SCC - ProShares UltraShort Consumer Disc

Momentum signal

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Odds of UP Trend

Price: $8.47

Daily change: +$0.03 (+0.37%)

Daily volume: 746

Net Assets: $897.9K

SCC in +4.68% Uptrend, rising for three consecutive days on January 02, 2025

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 SCC advanced for three days, in of 250 cases, the price rose further within the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 26, 2024. You may want to consider a long position or call options on SCC as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Bearish Trend Analysis

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 SCC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SCC broke above its upper Bollinger Band on January 02, 2025. 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 SCC entered a downward trend on December 30, 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.