ProShares UltraPro Short S&P500 (SPXU, $36.26) entered Downtrend as Momentum indicator drops below 0 level on May 02, 2024

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05/03/24

SPXU - ProShares UltraPro Short S&P500

Momentum signal

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Odds of DOWN Trend

Price: $36.26

Daily change: -$0.95 (-2.55%)

Daily volume: 6.7M

Net Assets: $591.5M

This indicator may be signaling that SPXU's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 70 similar cases where SPXU's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:

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