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UCO
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
624.97M

UCO ProShares Ultra Bloomberg Crude Oil Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for UCO with price predictions
07:00 PM EST Nov 27, 2023

UCO's RSI Indicator ascending out of oversold territory

The RSI Indicator for UCO moved out of oversold territory on November 09, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In of the 22 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for UCO just turned positive on November 21, 2023. Looking at past instances where UCO's MACD turned positive, the stock continued to rise in of 46 cases 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 UCO advanced for three days, in of 351 cases, the price rose further within the following month. The odds of a continued upward trend are .

UCO 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 75 cases where UCO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on November 27, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on UCO as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

UCO moved below its 50-day moving average on October 30, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for UCO crossed bearishly below the 50-day moving average on November 01, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 UCO 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 UCO entered a downward trend on November 28, 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.

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 (2x) the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil IndexSM. The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts, forward contracts, and option contracts) based on WTI sweet, light crude oil. It will not invest directly in oil.
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Commodities
Address
ProShares Trust II7501 WISCONSIN AVEBethesda
Phone
240-497-6400
Web
www.proshares.com
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UCO and

Correlation & Price change

A.I.dvisor tells us that UCO and BOIL have been poorly correlated (+17% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that UCO and BOIL's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To UCO
1D Price
Change %
UCO100%
+2.71%
BOIL - UCO
17%
Poorly correlated
-9.65%
AGQ - UCO
12%
Poorly correlated
+3.07%
DGP - UCO
11%
Poorly correlated
+2.56%
GDXU - UCO
10%
Poorly correlated
+13.56%
UGL - UCO
6%
Poorly correlated
+2.70%