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UMDD
ETF ticker: NYSE ARCA
AS OF
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Net Assets
24.85M

UMDD ProShares UltraPro MidCap400 Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for UMDD with price predictions
08:00 PM EDT Sep 25, 2023

Momentum Indicator for UMDD turns negative, indicating new downward trend

UMDD saw its Momentum Indicator move below the 0 level on September 07, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned negative. In of the 83 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for UMDD turned negative on September 07, 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

UMDD 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.

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 .

The Aroon Indicator for UMDD entered a downward trend on September 15, 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.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for UMDD's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 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 upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UMDD advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .

UMDD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Owens Corning (NYSE:OC), Lattice Semiconductor Corp (NASDAQ:LSCC), Annaly Capital Management (NYSE:NLY), Dropbox (NASDAQ:DBX), Five Below (NASDAQ:FIVE), Cleveland-Cliffs (NYSE:CLF), Universal Display Corp (NASDAQ:OLED), Skechers USA (NYSE:SKX), Range Resources Corp (NYSE:RRC), ANTERO RESOURCES Corp (NYSE:AR).

Industry description

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the S&P MidCap 400®. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.

Market Cap

The average market capitalization across the ProShares UltraPro MidCap400 ETF is 6.45B. The market cap for tickers in the group ranges from 1.37B to 25.87B. EXR holds the highest valuation in this group at 25.87B. The lowest valued company is HE at 1.37B.

High and low price notable news

The average weekly price growth across all stocks in the ProShares UltraPro MidCap400 ETF was 24%. For the same ETF, the average monthly price growth was 33%, and the average quarterly price growth was 167%. WSM experienced the highest price growth at 7%, while TKO experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the ProShares UltraPro MidCap400 ETF was 6%. For the same stocks of the ETF, the average monthly volume growth was 9% and the average quarterly volume growth was 2%

Fundamental Analysis Ratings

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

Valuation Rating: 59
P/E Growth Rating: 53
Price Growth Rating: 55
SMR Rating: 57
Profit Risk Rating: 65
Seasonality Score: -21 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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UMDD and

Correlation & Price change

A.I.dvisor tells us that UMDD and SPXL have been poorly correlated (+10% 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To UMDD
1D Price
Change %
UMDD100%
-4.51%
SPXL - UMDD
10%
Poorly correlated
-4.45%
SSO - UMDD
10%
Poorly correlated
-2.95%
SOXL - UMDD
9%
Poorly correlated
-5.38%
TQQQ - UMDD
5%
Poorly correlated
-4.46%
QLD - UMDD
5%
Poorly correlated
-3.04%