SRS Stock ProShares UltraShort Real Estate (SRS, $47.07) entered Downtrend as Momentum indicator drops below 0 level on Nov 20, 2024
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SRS saw its Stochastic Oscillator recovers from the overbought zone
The Stochastic Oscillator for SRS moved out of overbought territory on November 06, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 58 similar instances where the indicator exited the overbought zone. In of the 58 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 20, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SRS as a result. In of 82 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 SRS turned negative on November 19, 2024. 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SRS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SRS broke above its upper Bollinger Band on October 31, 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.
Bullish Trend Analysis
SRS moved above its 50-day moving average on October 31, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SRS crossed bullishly above the 50-day moving average on November 01, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 SRS advanced for three days, in of 275 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category Trading