SDS's RSI Indicator remains in overbought zone for 1 day
Watch for a price pull-back in the near future.
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)
Industry description
General Information
Category BearMarket
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.
| Ticker / NAME | Correlation To SDS | 1D Price Change % | ||
|---|---|---|---|---|
| SDS | 100% | -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% | ||
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