SIJ Stock ProShares UltraShort Industrials (SIJ, $7.71) entered Uptrend as Momentum indicator ascends above 0 level on Nov 20, 2024

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SIJ - ProShares UltraShort Industrials

Momentum signal

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Odds of UP Trend

Price: $7.71

Daily change: -$0.01 (-0.15%)

Daily volume: 742

Net Assets: $1.3M

SIJ's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for SIJ turned positive on November 19, 2024. Looking at past instances where SIJ'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 .

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SIJ's RSI Indicator exited the oversold zone, of 45 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 20, 2024. You may want to consider a long position or call options on SIJ as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 SIJ advanced for three days, in of 278 cases, the price rose further within the following month. The odds of a continued upward trend are .

SIJ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

SIJ moved below its 50-day moving average on November 05, 2024 date and that indicates a change from an upward trend to a downward trend.

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

The Aroon Indicator for SIJ entered a downward trend on October 23, 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.