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UGL
ETF ticker: NYSE ARCA
AS OF
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Net Assets
151.61M

UGL ProShares Ultra Gold Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for UGL with price predictions
08:00 PM EDT Sep 26, 2023

UGL's RSI Indicator slumps into oversold zone

The RSI Oscillator for UGL moved into overbought territory on September 27, 2023. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UGL advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .

UGL 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 September 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on UGL as a result. In of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for UGL turned negative on September 26, 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 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

UGL moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.

The 50-day moving average for UGL moved below the 200-day moving average on August 23, 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 UGL 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 UGL entered a downward trend on August 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 Gold SubindexSM. 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 the benchmark. The types and mix of Financial Instruments in which the fund invests may vary daily at the discretion of the Sponsor. It will not invest directly in any commodity.
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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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UGL and

Correlation & Price change

A.I.dvisor indicates that over the last year, UGL has been closely correlated with GDXU. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if UGL jumps, then GDXU could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To UGL
1D Price
Change %
UGL100%
-2.49%
GDXU - UGL
84%
Closely correlated
-8.24%
AGQ - UGL
80%
Closely correlated
-2.63%
UCO - UGL
12%
Poorly correlated
+2.69%
DGP - UGL
8%
Poorly correlated
-2.09%
BOIL - UGL
-1%
Poorly correlated
+2.58%