SDS saw its Stochastic Oscillator leaves the overbought zone
The Stochastic Oscillator for SDS moved out of overbought territory on January 06, 2025. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 48 similar instances where the indicator exited the overbought zone. In of the 48 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SDS 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 SDS as a result. In of 73 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
SDS moved above its 50-day moving average on January 07, 2025 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SDS crossed bullishly above the 50-day moving average on December 31, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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 SDS advanced for three days, in of 245 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 114 cases where SDS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Trading
SDS and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SDS has been closely correlated with SPXU. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if SDS jumps, then SPXU could also see price increases.
| Ticker / NAME | Correlation To SDS | 1D Price Change % | ||
|---|---|---|---|---|
| SDS | 100% | -1.79% | ||
| SPXU - SDS | 100% Closely correlated | -2.72% | ||
| SPXS - SDS | 99% Closely correlated | -2.69% | ||
| SH - SDS | 99% Closely correlated | -0.84% | ||
| SPDN - SDS | 98% Closely correlated | -0.83% | ||
| SQQQ - SDS | 94% Closely correlated | -1.68% | ||
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