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SDS
ETF ticker: NYSE ARCA
AS OF
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Net Assets
910.86M

SDS ProShares UltraShort S&P500 Forecast, Technical & Fundamental Analysis

Category BearMarket
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SDS with price predictions
08:00 PM EDT Sep 26, 2023

SDS's RSI Indicator remains in overbought zone for 1 day

Watch for a price pull-back in the near future.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

SDS broke above its upper Bollinger Band on September 26, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 13, 2023. You may want to consider a long position or call options on SDS as a result. In of 70 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 SDS just turned positive on September 18, 2023. Looking at past instances where SDS'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 .

SDS moved above its 50-day moving average on September 15, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SDS 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 105 cases where SDS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P 500® Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is a measure of large-cap U.S. stock market performance. The fund is non-diversified.
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A.I. Advisor
published General Information

General Information

Category BearMarket

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

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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SDS
1D Price
Change %
SDS100%
-1.07%
SPXU - SDS
100%
Closely correlated
-1.50%
SPXS - SDS
100%
Closely correlated
-1.70%
SH - SDS
100%
Closely correlated
-0.48%
SPDN - SDS
100%
Closely correlated
-0.47%
QID - SDS
95%
Closely correlated
-1.54%
More