SMDD ProShares UltraPro Short MidCap400 Forecast, Technical & Fundamental Analysis

SMDD's RSI Indicator remains in overbought zone for 1 day

Watch for a price pull-back in the near future.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

SMDD broke above its upper Bollinger Band on September 21, 2023. 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 11, 2023. You may want to consider a long position or call options on SMDD as a result. In of 83 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 SMDD just turned positive on September 07, 2023. Looking at past instances where SMDD's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

SMDD moved above its 50-day moving average on September 05, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SMDD crossed bullishly above the 50-day moving average on August 21, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 SMDD advanced for three days, in of 284 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 94 cases where SMDD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)