UMDD Stock ProShares UltraPro MidCap400 (UMDD, $30.48) Stochastic Oscillator left the overbought zone on November 14, 2024

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UMDD - ProShares UltraPro MidCap400

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Odds of DOWN Trend

Price: $30.48

Daily change: -$0.87 (-2.78%)

Daily volume: 25.7K

Net Assets: $40.5M

UMDD in -5.77% downward trend, declining for three consecutive days on November 15, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where UMDD declined for three days, in of 279 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for UMDD moved out of overbought territory on November 12, 2024. 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 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where UMDD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

UMDD broke above its upper Bollinger Band on November 06, 2024. 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 05, 2024. You may want to consider a long position or call options on UMDD as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for UMDD just turned positive on November 06, 2024. Looking at past instances where UMDD's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

UMDD moved above its 50-day moving average on November 04, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UMDD advanced for three days, in of 323 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 274 cases where UMDD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .