TMDV ProShares Russell US Dividend Grwr ETF Forecast, Technical & Fundamental Analysis
TMDV's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for TMDV turned positive on October 31, 2023. Looking at past instances where TMDV's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on TMDV as a result. In of 69 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
TMDV moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for TMDV crossed bullishly above the 50-day moving average on November 16, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 TMDV advanced for three days, in of 278 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 228 cases where TMDV 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 TMDV moved out of overbought territory on December 05, 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 29 similar instances where the indicator moved out of overbought territory. In of the 29 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 3 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 TMDV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TMDV broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category MidCapValue
TMDV and
Correlation & Price change
A.I.dvisor tells us that TMDV and IJJ have been poorly correlated (+6% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that TMDV and IJJ's prices will move in lockstep.
| Ticker / NAME | Correlation To TMDV | 1D Price Change % | ||
|---|---|---|---|---|
| TMDV | 100% | +0.02% | ||
| IJJ - TMDV | 6% Poorly correlated | +0.06% | ||
| IWS - TMDV | 2% Poorly correlated | +0.04% | ||
| VOE - TMDV | 1% Poorly correlated | +0.26% | ||
| COWZ - TMDV | -0% Poorly correlated | -0.54% | ||
| SDY - TMDV | -1% Poorly correlated | +0.19% |