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SDS Stock ProShares UltraShort S&P500 (SDS, $19.01) entered Uptrend as Momentum indicator ascends above 0 level on Dec 17, 2024

A.I.dvisor
at Tickeron.com
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SDS - ProShares UltraShort S&P500
Momentum signal
Bullish Trend
Odds of UP Trend
Tickeron
Momentum signal
Price: $19.01
Daily change: +$0.17 (+0.9%)
Daily volume: 11.5M
Net Assets: $406.3M
This indicator may be signaling that SDS's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. A.I.dvisor backtested 72 similar cases where SDS's Momentum Indicator exceeded 0, and of them led to a successful outcome. Odds of Success:

SDS in +6.05% Uptrend, advancing for three consecutive days on December 19, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 17, 2024. You may want to consider a long position or call options on SDS as a result. In of 72 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 December 10, 2024. Looking at past instances where SDS's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

SDS moved above its 50-day moving average on December 18, 2024 date and that indicates a change from a downward trend to an upward trend.

Bearish Trend Analysis

The 10-day RSI Indicator for SDS moved out of overbought territory on December 20, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 23 similar instances where the indicator moved out of overbought territory. In of the 23 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

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 December 18, 2024. 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.

The Aroon Indicator for SDS entered a downward trend on December 17, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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SDS
Daily Signalchanged days ago
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General Information

Category Trading

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