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SZK
ETF ticker: NYSE ARCA
AS OF
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Net Assets
1.96M

SZK ProShares UltraShort Consumer Staples Forecast, Technical & Fundamental Analysis

Category BearMarket
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SZK with price predictions
07:00 PM EST Nov 29, 2023

SZK in downward trend: price dove below 50-day moving average on November 13, 2023

SZK moved below its 50-day moving average on November 13, 2023 date and that indicates a change from an upward trend to a downward trend. In of 35 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 30, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SZK as a result. In of 78 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 10-day moving average for SZK crossed bearishly below the 50-day moving average on November 15, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 SZK 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 SZK 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 points to a transition from a downward trend to an upward trend -- in cases where SZK's RSI Indicator exited the oversold zone, of 45 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

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 SZK advanced for three days, in of 256 cases, the price rose further within the following month. The odds of a continued upward trend are .

SZK 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, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Consumer Staples Select Sector 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 one of eleven S&P Select Sector Indices, each designed to measure the performance of a sector of the S&P 500. 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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SZK and

Correlation & Price change

A.I.dvisor tells us that SZK and SPXU have been poorly correlated (+-0% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SZK and SPXU's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SZK
1D Price
Change %
SZK100%
-1.85%
SPXU - SZK
-0%
Poorly correlated
-1.00%
SDS - SZK
-0%
Poorly correlated
-0.69%
SH - SZK
-1%
Poorly correlated
-0.36%
SPXS - SZK
-1%
Poorly correlated
-0.98%
SQQQ - SZK
-2%
Poorly correlated
+0.85%
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