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URTY
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
304.65M

URTY ProShares UltraPro Russell2000 Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for URTY with price predictions
07:00 PM EST Dec 03, 2023

URTY's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for URTY turned positive on November 02, 2023. Looking at past instances where URTY's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on URTY 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 .

URTY 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 URTY crossed bullishly above the 50-day moving average on November 22, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 +1 3-day Advance, the price is estimated to grow further. Considering data from situations where URTY advanced for three days, in of 326 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 265 cases where URTY 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 RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where URTY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

URTY 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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Chord Energy Corp (NASDAQ:CHRD), Intra-Cellular Therapies (NASDAQ:ITCI), Valaris Limited (NYSE:VAL), StoneCo Ltd (NASDAQ:STNE), KB Home (NYSE:KBH), Synaptics (NASDAQ:SYNA), Goodyear Tire & Rubber Company (The) (NASDAQ:GT), Abercrombie & Fitch Co (NYSE:ANF), Signet Jewelers Limited (NYSE:SIG), California Resources Corp (NYSE:CRC).

Industry description

The investment seeks daily investment results that correspond to three times (3x) the daily performance of the Russell 2000® Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is a measure of small-cap U.S. stock market performance. The fund is non-diversified.

Market Cap

The average market capitalization across the ProShares UltraPro Russell2000 ETF is 1.34B. The market cap for tickers in the group ranges from 14M to 15.48B. SMCI holds the highest valuation in this group at 15.48B. The lowest valued company is VBIV at 14M.

High and low price notable news

The average weekly price growth across all stocks in the ProShares UltraPro Russell2000 ETF was 13%. For the same ETF, the average monthly price growth was 20%, and the average quarterly price growth was -10%. HA experienced the highest price growth at 223%, while BIVI experienced the biggest fall at -67%.

Volume

The average weekly volume growth across all stocks in the ProShares UltraPro Russell2000 ETF was -30%. For the same stocks of the ETF, the average monthly volume growth was -52% and the average quarterly volume growth was -47%

Fundamental Analysis Ratings

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

Valuation Rating: 57
P/E Growth Rating: 62
Price Growth Rating: 54
SMR Rating: 73
Profit Risk Rating: 80
Seasonality Score: 26 (-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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URTY and

Correlation & Price change

A.I.dvisor indicates that over the last year, URTY has been closely correlated with SPXL. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if URTY jumps, then SPXL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To URTY
1D Price
Change %
URTY100%
+3.08%
SPXL - URTY
83%
Closely correlated
-1.51%
SSO - URTY
82%
Closely correlated
-1.06%
QLD - URTY
67%
Closely correlated
-1.94%
TQQQ - URTY
67%
Closely correlated
-2.85%
SOXL - URTY
63%
Loosely correlated
-3.38%