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SKF
ETF ticker: NYSE ARCA
AS OF
Apr 3 closing price
Price
$35.50
Change
+$3.19 (+9.87%)
Net Assets
11.86M

SKF ProShares UltraShort Financials Forecast, Technical & Fundamental Analysis

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 Financial Select Sector Index... Show more

Category: #Trading
SKF
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for SKF with price predictions
Apr 02, 2025

SKF sees its Stochastic Oscillator recovers from oversold territory

On March 28, 2025, the Stochastic Oscillator for SKF moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 68 instances where the indicator left the oversold zone. In of the 68 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

SKF moved above its 50-day moving average on March 26, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SKF crossed bullishly above the 50-day moving average on March 10, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 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 SKF advanced for three days, in of 266 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for SKF moved out of overbought territory on March 14, 2025. 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 25 similar instances where the indicator moved out of overbought territory. In of the 25 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on March 20, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on SKF as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for SKF turned negative on March 20, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

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

SKF broke above its upper Bollinger Band on March 10, 2025. 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.

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SKF
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
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A.I. Advisor
published General Information

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
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SKF and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, SKF has been closely correlated with SPXS. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if SKF jumps, then SPXS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SKF
1D Price
Change %
SKF100%
+9.87%
SPXS - SKF
73%
Closely correlated
+14.45%
TZA - SKF
72%
Closely correlated
+19.41%
SH - SKF
69%
Closely correlated
+4.78%
SDS - SKF
68%
Closely correlated
+9.44%
SPXU - SKF
66%
Closely correlated
+14.22%
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