SZK ProShares UltraShort Consumer Staples Forecast, Technical & Fundamental Analysis
SZK in -1.79% downward trend, falling for three consecutive days on December 26, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SZK declined for three days, in of 351 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SZK advanced for three days, in of 272 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 154 cases where SZK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Trading
SZK and ETFs
Correlation & Price change
A.I.dvisor tells us that SZK and CARD have been poorly correlated (+27% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SZK and CARD's prices will move in lockstep.
| Ticker / NAME | Correlation To SZK | 1D Price Change % | ||
|---|---|---|---|---|
| SZK | 100% | -0.64% | ||
| CARD - SZK | 27% Poorly correlated | -2.40% | ||
| JETD - SZK | 26% Poorly correlated | -7.55% | ||
| WTID - SZK | 7% Poorly correlated | +4.31% | ||
| SH - SZK | 6% Poorly correlated | -0.84% | ||
| SQQQ - SZK | 5% Poorly correlated | -1.68% | ||
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