TINY ProShares Nanotechnology ETF Forecast, Technical & Fundamental Analysis
a venture capital fund
TINY in upward trend: 10-day moving average broke above 50-day moving average on November 14, 2023
The 10-day moving average for TINY 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 18 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Momentum Indicator moved above the 0 level on December 06, 2023. You may want to consider a long position or call options on TINY as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
TINY 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TINY advanced for three days, in of 211 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 162 cases where TINY 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 TINY 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 21 similar instances where the indicator moved out of overbought territory. In of the 21 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for TINY turned negative on December 06, 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 34 similar instances when the indicator turned negative. In of the 34 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 50-day moving average for TINY moved below the 200-day moving average on November 02, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TINY 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)
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Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a venture capital fund
Category Technology
TINY and
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 93% 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% | +0.32% | ||
| SOXX - TINY | 93% Closely correlated | -0.62% | ||
| SMH - TINY | 92% Closely correlated | -0.81% | ||
| VGT - TINY | 86% Closely correlated | -0.87% | ||
| IYW - TINY | 85% Closely correlated | -0.94% | ||
| XLK - TINY | 85% Closely correlated | -0.85% |