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SMN Stock Tickeron detected bullish ETF Pattern: Three Rising Valleys SMN on December 09, 2024, netting in a 19.90% gain over 3 weeks

A.I.dvisor
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+19.90% Gain from a Successful pattern Three Rising Valleys
SMN - ProShares UltraShort Materials
Tickeron
Ticker: SMN
Company: ProShares UltraShort Materials
Gain: +19.9%
Confirmed: 12/09/24
Succeeded: 12/18/24
Total length: 27 days
On November 21, 2024, A.I.dvisor detected a Three Rising Valleys Pattern (Bullish) for ProShares UltraShort Materials (SMN, $13.73). On December 09, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $16.34. 9 days later, on December 18, 2024, SMN reached the target price resulting in a +1 for traders who took a long position in the stock.

SMN in +8.08% Uptrend, growing for three consecutive days on December 19, 2024

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 SMN advanced for three days, in of 276 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 05, 2024. You may want to consider a long position or call options on SMN as a result. In of 72 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 SMN just turned positive on December 06, 2024. Looking at past instances where SMN'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 .

The Aroon Indicator entered an Uptrend today. In of 124 cases where SMN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

SMN broke above its upper Bollinger Band on December 18, 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.

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SMN
Daily Signalchanged days ago
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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