SPXV ProShares S&P 500® ex-Health Care Forecast, Technical & Fundamental Analysis
SPXV in downward trend: price dove below 50-day moving average on September 15, 2023
SPXV moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend. In of 36 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
The Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SPXV as a result. In of 71 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SPXV turned negative on September 18, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for SPXV crossed bearishly below the 50-day moving average on September 18, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 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 SPXV 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 SPXV entered a downward trend on August 29, 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 SPXV's RSI Oscillator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPXV advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .
SPXV may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Notable companies
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 LargeBlend
| 1 Day | |||
|---|---|---|---|
| STOCK / NAME | Price $ | Chg $ | Chg % |
| USGDF | 0.17 | 0.01 | +5.10% |
| American Pacific Mining Corp | |||
| HENKY | 16.23 | 0.06 | +0.37% |
| Henkel AG and Co KGAA | |||
| LVMUY | 154.32 | -1.39 | -0.89% |
| LVMH Moet Hennessy Louis Vuitton Unsponsored | |||
| KNRRY | 15.48 | -0.24 | -1.50% |
| Knorr-Bremse AG American Depositary Receipts - Unsponsored (Germany Federal Republic) | |||
| CDDRF | 5.26 | -0.09 | -1.77% |
| HEADWATER EXPL INC. | |||
SPXV and
Correlation & Price change
A.I.dvisor tells us that SPXV and VIG have been poorly correlated (+-6% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SPXV and VIG's prices will move in lockstep.
| Ticker / NAME | Correlation To SPXV | 1D Price Change % | ||
|---|---|---|---|---|
| SPXV | 100% | -1.75% | ||
| VIG - SPXV | -6% Poorly correlated | -1.28% | ||
| VOO - SPXV | -7% Poorly correlated | -1.64% | ||
| SPY - SPXV | -7% Poorly correlated | -1.65% | ||
| IVV - SPXV | -7% Poorly correlated | -1.64% | ||
| VTI - SPXV | -7% Poorly correlated | -1.68% |