SMDV ProShares Russell 2000 Dividend Growers Forecast, Technical & Fundamental Analysis
SMDV sees MACD Histogram crosses below signal line
SMDV saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 05, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 43 instances where the indicator turned negative. In of the 43 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 05, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SMDV as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
SMDV moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SMDV crossed bearishly below the 50-day moving average on August 25, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SMDV 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 SMDV entered a downward trend on September 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SMDV's RSI Indicator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SMDV advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category SmallBlend
SMDV and
Correlation & Price change
A.I.dvisor indicates that over the last year, SMDV has been closely correlated with SPSM. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if SMDV jumps, then SPSM could also see price increases.
| Ticker / NAME | Correlation To SMDV | 1D Price Change % | ||
|---|---|---|---|---|
| SMDV | 100% | -0.95% | ||
| SPSM - SMDV | 92% Closely correlated | -1.39% | ||
| IJR - SMDV | 92% Closely correlated | -1.47% | ||
| FNDA - SMDV | 91% Closely correlated | -1.52% | ||
| IWM - SMDV | 89% Closely correlated | -1.55% | ||
| VTWO - SMDV | 88% Closely correlated | -1.82% | ||
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