UMDD Price Prediction, ProShares UltraPro MidCap400 AI Recommendations
ETF market charts, price targets, analyst ratings and a financial calendar
Momentum Indicator for UMDD turns positive, indicating new upward trend
UMDD saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned positive. In of the 80 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for UMDD just turned positive on November 02, 2023. Looking at past instances where UMDD's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
UMDD 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 UMDD crossed bullishly above the 50-day moving average on November 21, 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 UMDD advanced for three days, in of 331 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 285 cases where UMDD 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 UMDD 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 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UMDD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
UMDD 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 Trading
UMDD and
Correlation & Price change
A.I.dvisor tells us that UMDD and SPXL have been poorly correlated (+28% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that UMDD and SPXL's prices will move in lockstep.
| Ticker / NAME | Correlation To UMDD | 1D Price Change % | ||
|---|---|---|---|---|
| UMDD | 100% | +1.54% | ||
| SPXL - UMDD | 28% Poorly correlated | +1.20% | ||
| SSO - UMDD | 28% Poorly correlated | +0.83% | ||
| SOXL - UMDD | 24% Poorly correlated | +2.24% | ||
| TQQQ - UMDD | 19% Poorly correlated | +1.20% | ||
| QLD - UMDD | 18% Poorly correlated | +0.78% |