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SRTY
ETF ticker: NYSE ARCA
AS OF
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Net Assets
150.84M

SRTY ProShares UltraPro Short Russell2000 Forecast, Technical & Fundamental Analysis

Category BearMarket
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SRTY with price predictions
07:00 PM EST Nov 30, 2023

Momentum Indicator for SRTY turns negative, indicating new downward trend

SRTY saw its Momentum Indicator move below the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 81 similar instances where the indicator turned negative. In of the 81 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for SRTY turned negative on November 02, 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

SRTY moved below its 50-day moving average on November 14, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for SRTY crossed bearishly below the 50-day moving average on November 16, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 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 SRTY 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 SRTY entered a downward trend on November 27, 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 entered the oversold zone -- be on the watch for SRTY's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SRTY advanced for three days, in of 275 cases, the price rose further within the following month. The odds of a continued upward trend are .

SRTY 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)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks daily investment results that correspond to three times the inverse (-3x) of the daily performance of the Russell 2000® Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is a measure of small-cap U.S. stock market performance. The fund is non-diversified.
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A.I. Advisor
published General Information

General Information

Category BearMarket

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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SRTY and

Correlation & Price change

A.I.dvisor indicates that over the last year, SRTY has been closely correlated with SPXS. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if SRTY jumps, then SPXS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SRTY
1D Price
Change %
SRTY100%
-8.92%
SPXS - SRTY
83%
Closely correlated
-1.60%
SPXU - SRTY
82%
Closely correlated
-1.61%
SH - SRTY
82%
Closely correlated
-0.44%
SDS - SRTY
82%
Closely correlated
-1.12%
PSQ - SRTY
68%
Closely correlated
-0.39%
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