SDOW Stock ProShares UltraPro Short Dow30 (SDOW, $50.13) entered Downtrend as Momentum indicator drops below 0 level on Jan 03, 2025

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SDOW - ProShares UltraPro Short Dow30

Momentum signal

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Odds of DOWN Trend

Price: $50.13

Daily change: -$1.14 (-2.22%)

Daily volume: 1.9M

Net Assets: $243.4M

SDOW's RSI Oscillator recovers from overbought zone

The 10-day RSI Indicator for SDOW moved out of overbought territory on December 20, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 26 instances where the indicator moved out of the overbought zone. In of the 26 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 48 cases where SDOW's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 07, 2025. You may want to consider a long position or call options on SDOW as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 10-day moving average for SDOW crossed bullishly above the 50-day moving average on December 23, 2024. 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 SDOW advanced for three days, in of 259 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 98 cases where SDOW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .