SPXU Stock ProShares UltraPro Short S&P500 (SPXU, $21.83) Moving Average Convergence Divergence (MACD) Histogram turned negative on November 7, 2024

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SPXU - ProShares UltraPro Short S&P500

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Odds of DOWN Trend

Price: $21.83

Daily change: -$0.52 (-2.33%)

Daily volume: 10.6M

SPXU in downward trend: price dove below 50-day moving average on November 05, 2024

SPXU moved below its 50-day moving average on November 05, 2024 date and that indicates a change from an upward trend to a downward trend. In of 31 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPXU 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 SPXU entered a downward trend on October 23, 2024. 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where SPXU's RSI Indicator exited the oversold zone, of 47 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 65 cases where SPXU's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 20, 2024. You may want to consider a long position or call options on SPXU as a result. In of 70 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 SPXU just turned positive on November 18, 2024. Looking at past instances where SPXU's MACD turned positive, the stock continued to rise in of 50 cases 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 SPXU advanced for three days, in of 244 cases, the price rose further within the following month. The odds of a continued upward trend are .

SPXU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.