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TMDV
ETF ticker: BATS
AS OF
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Net Assets
9.1M

TMDV ProShares Russell US Dividend Grwr ETF Forecast, Technical & Fundamental Analysis

Category MidCapValue
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for TMDV with price predictions
07:00 PM EST Dec 05, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Walmart (NASDAQ:WMT), Johnson & Johnson (NASDAQ:JNJ), Procter & Gamble Company (NASDAQ:PG), Chevron Corp (NASDAQ:CVX), Coca-Cola Company (NASDAQ:KO), PepsiCo (NASDAQ:PEP), McDonald's Corp (NASDAQ:MCD), Abbott Laboratories (NASDAQ:ABT), Lowe's Companies (NASDAQ:LOW), Medtronic plc (NASDAQ:MDT).

Industry description

The investment seeks investment results, before fees and expenses, that track the performance of the Russell 3000® Dividend Elite Index (the "index"). The index, constructed and maintained by FTSE International Limited, targets companies that are currently members of the Russell 3000 Index, have increased dividend payments each year for at least 35 years, and meet certain liquidity requirements. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities.

Market Cap

The average market capitalization across the ProShares Russell US Dividend Grwr ETF ETF is 57.21B. The market cap for tickers in the group ranges from 551.12M to 426.99B. WMT holds the highest valuation in this group at 426.99B. The lowest valued company is UHT at 551.12M.

High and low price notable news

The average weekly price growth across all stocks in the ProShares Russell US Dividend Grwr ETF ETF was 2%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was -0%. LEG experienced the highest price growth at 13%, while PG experienced the biggest fall at -3%.

Volume

The average weekly volume growth across all stocks in the ProShares Russell US Dividend Grwr ETF ETF was 8%. For the same stocks of the ETF, the average monthly volume growth was 19% and the average quarterly volume growth was 35%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 54
Price Growth Rating: 48
SMR Rating: 52
Profit Risk Rating: 45
Seasonality Score: -4 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category MidCapValue

Profile
Fundamentals
Details
Category
Mid-Cap Value
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TMDV
1D Price
Change %
TMDV100%
+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%