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SSO
ETF ticker: NYSE ARCA
AS OF
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Net Assets
4.06B

SSO ProShares Ultra S&P500 Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SSO with price predictions
07:00 PM EST Dec 04, 2023

Momentum Indicator for SSO turns positive, indicating new upward trend

SSO saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 65 similar instances where the indicator turned positive. In of the 65 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for SSO just turned positive on November 02, 2023. Looking at past instances where SSO's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

SSO moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SSO crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 SSO advanced for three days, in of 359 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 425 cases where SSO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for SSO moved out of overbought territory on December 04, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator moved out of overbought territory. In of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 21 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SSO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA), Eli Lilly & Co (NYSE:LLY), VISA (NYSE:V).

Industry description

The investment seeks daily investment results that correspond to two times (2x) the daily performance of the S&P 500® Index. The fund invests in financial instruments that the advisors believe, in combination, should produce daily returns consistent with the Daily Target. The index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization financial viability and public float. The fund is non-diversified.

Market Cap

The average market capitalization across the ProShares Ultra S&P500 ETF is 80.19B. The market cap for tickers in the group ranges from 2.92B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is OGN at 2.92B.

High and low price notable news

The average weekly price growth across all stocks in the ProShares Ultra S&P500 ETF was 1%. For the same ETF, the average monthly price growth was 10%, and the average quarterly price growth was 10%. NCLH experienced the highest price growth at 21%, while CI experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the ProShares Ultra S&P500 ETF was 6%. For the same stocks of the ETF, the average monthly volume growth was -16% and the average quarterly volume growth was 1%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 51
Price Growth Rating: 41
SMR Rating: 51
Profit Risk Rating: 49
Seasonality Score: 16 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

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

Correlation & Price change

A.I.dvisor indicates that over the last year, SSO has been closely correlated with UPRO. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if SSO jumps, then UPRO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SSO
1D Price
Change %
SSO100%
-0.03%
UPRO - SSO
100%
Closely correlated
-0.12%
SPXL - SSO
100%
Closely correlated
-0.10%
QULL - SSO
97%
Closely correlated
-0.31%
SPUU - SSO
97%
Closely correlated
-0.15%
IWFL - SSO
95%
Closely correlated
+0.67%
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