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ULE Stock ProShares Ultra Euro (ULE, $10.91) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 27, 2024

A.I.dvisor
at Tickeron.com
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ULE - ProShares Ultra Euro
MACD signal
Bullish Trend
Odds of UP Trend
Tickeron
MACD signal
Price: $10.91
Daily change: +$0.23 (+2.15%)
Daily volume: 25.9K
Net Assets: $6.8M
This is a Bullish indicator signaling ULE's price could rise from here. Traders may explore going long the stock or buying call options. A.I. dvisor identified 47 similar cases where ULE's MACD histogram became positive, and of them led to successful outcomes. Odds of Success:

ULE's Stochastic Oscillator is sitting in oversold zone for 3 days

The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ULE's RSI Indicator exited the oversold zone, of 39 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ULE just turned positive on November 27, 2024. Looking at past instances where ULE's MACD turned positive, the stock continued to rise in of 47 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 ULE advanced for three days, in of 280 cases, the price rose further within the following month. The odds of a continued upward trend are .

ULE 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 December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ULE as a result. In of 92 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 50-day moving average for ULE moved below the 200-day moving average on November 26, 2024. 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 ULE 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 ULE entered a downward trend on December 04, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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ULE
Daily Signalchanged days ago
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A.I. Advisor
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General Information

Category Trading

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Fundamentals
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Category
Trading--Miscellaneous
Address
ProShares Trust II7501 WISCONSIN AVEBethesda
Phone
240-497-6400
Web
www.proshares.com