SCO ProShares UltraShort Bloomberg Crude Oil Forecast, Technical & Fundamental Analysis

SCO's Stochastic Oscillator is staying in overbought zone for 3 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Technical Analysis (Indicators)

Bearish Trend Analysis

The 50-day moving average for SCO moved below the 200-day moving average on January 29, 2025. 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 SCO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SCO broke above its upper Bollinger Band on February 25, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 25, 2025. You may want to consider a long position or call options on SCO as a result. In of 84 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 SCO just turned positive on February 21, 2025. Looking at past instances where SCO's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

SCO moved above its 50-day moving average on February 21, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SCO crossed bullishly above the 50-day moving average on February 26, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 SCO advanced for three days, in of 257 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 84 cases where SCO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .