SKYU Stock ProShares Ultra Cloud Computing (SKYU, $40.98) Moving Average Convergence Divergence (MACD) Histogram turned negative on December 11, 2024

GET DAILY SIGNALS

Get AI intraday signals

SKYU - ProShares Ultra Cloud Computing

MACD signal

View

Odds of DOWN Trend

Price: $40.98

Daily change: +$1.4 (+3.54%)

Daily volume: 3.5K

Net Assets: $2.6M

SKYU in downward trend: price may drop because broke its higher Bollinger Band on December 06, 2024

SKYU broke above its upper Bollinger Band on December 06, 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 A.I.dvisor looked at 26 similar instances where the stock broke above the upper band. In of the 26 cases the stock fell afterwards. This puts the odds of success at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for SKYU moved out of overbought territory on December 09, 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 29 similar instances where the indicator moved out of overbought territory. In of the 29 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 49 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 Moving Average Convergence Divergence Histogram (MACD) for SKYU turned negative on December 11, 2024. 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 35 similar instances when the indicator turned negative. In of the 35 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 SKYU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SKYU advanced for three days, in of 254 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 179 cases where SKYU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .