TINY ProShares Nanotechnology ETF Forecast, Technical & Fundamental Analysis
a venture capital fund
TINY's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for TINY turned positive on November 27, 2024. Looking at past instances where TINY's MACD turned positive, the stock continued to rise in of 29 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where TINY's RSI Oscillator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 44 cases where TINY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 TINY advanced for three days, in of 244 cases, the price rose further within the following month. The odds of a continued upward trend are .
TINY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TINY as a result. In of 70 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
TINY moved below its 50-day moving average on November 12, 2024 date and that indicates a change from an upward trend to a downward trend.
The Aroon Indicator for TINY entered a downward trend on November 19, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
a venture capital fund
Category Technology
TINY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, TINY has been closely correlated with SOXX. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if TINY jumps, then SOXX could also see price increases.
| Ticker / NAME | Correlation To TINY | 1D Price Change % | ||
|---|---|---|---|---|
| TINY | 100% | -0.14% | ||
| SOXX - TINY | 89% Closely correlated | -1.41% | ||
| SMH - TINY | 89% Closely correlated | -1.30% | ||
| CHAT - TINY | 85% Closely correlated | -1.65% | ||
| VGT - TINY | 83% Closely correlated | -0.62% | ||
| XLK - TINY | 81% Closely correlated | -0.60% | ||
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