SKYU Stock ProShares Ultra Cloud Computing (SKYU, $37.47) entered Uptrend as Momentum indicator ascends above 0 level on Jan 03, 2025

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SKYU - ProShares Ultra Cloud Computing

Momentum signal

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Odds of UP Trend

Price: $37.47

Daily change: +$1.2 (+3.31%)

Daily volume: 359

Net Assets: $2.7M

SKYU in +5.98% Uptrend, rising for three consecutive days on January 06, 2025

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 SKYU advanced for three days, in of 261 cases, the price rose further within the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 51 cases where SKYU's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on January 08, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on SKYU as a result. In of 65 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

SKYU moved below its 50-day moving average on January 08, 2025 date and that indicates a change from an upward trend to a downward trend.

The Aroon Indicator for SKYU entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.