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USD
ETF ticker: NYSE ARCA
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281.61M

USD ProShares Ultra Semiconductors Forecast, Technical & Fundamental Analysis

Category Trading
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A.I.Advisor
a Summary for USD with price predictions
08:00 PM EDT Sep 28, 2023

USD's RSI Oscillator ascending out of oversold territory

The RSI Indicator for USD moved out of oversold territory on September 22, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 25 similar instances when the indicator left oversold territory. In of the 25 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where USD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 USD advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .

USD 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 September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on USD as a result. In of 86 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 Moving Average Convergence Divergence Histogram (MACD) for USD turned negative on September 08, 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .

USD moved below its 50-day moving average on September 07, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for USD crossed bearishly below the 50-day moving average on September 14, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where USD 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 USD entered a downward trend on August 29, 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), Intel Corp (NASDAQ:INTC), Texas Instruments (NASDAQ:TXN), QUALCOMM (NASDAQ:QCOM), Applied Materials (NASDAQ:AMAT), Analog Devices (NASDAQ:ADI), Lam Research Corp (NASDAQ:LRCX), Micron Technology (NASDAQ:MU).

Industry description

The investment seeks daily investment results that correspond to two times (2x) the daily performance of the Dow Jones U.S. SemiconductorsSM Index. 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 designed to measure the stock performance of U.S. companies in the semiconductors sub-sector. Component companies are engaged in the production and distribution of semiconductors and other integrated chips, as well as other related products such as semiconductor capital equipment and mother-boards. The fund is non-diversified.

Market Cap

The average market capitalization across the ProShares Ultra Semiconductors ETF is 118.55B. The market cap for tickers in the group ranges from 1.67B to 1.06T. NVDA holds the highest valuation in this group at 1.06T. The lowest valued company is SMTC at 1.67B.

High and low price notable news

The average weekly price growth across all stocks in the ProShares Ultra Semiconductors ETF was 5%. For the same ETF, the average monthly price growth was -16%, and the average quarterly price growth was 33%. AMD experienced the highest price growth at 7%, while SEDG experienced the biggest fall at -4%.

Volume

The average weekly volume growth across all stocks in the ProShares Ultra Semiconductors ETF was -10%. For the same stocks of the ETF, the average monthly volume growth was -24% and the average quarterly volume growth was -21%

Fundamental Analysis Ratings

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

Valuation Rating: 54
P/E Growth Rating: 39
Price Growth Rating: 54
SMR Rating: 51
Profit Risk Rating: 41
Seasonality Score: -39 (-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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USD and

Correlation & Price change

A.I.dvisor indicates that over the last year, USD has been closely correlated with SOXL. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if USD jumps, then SOXL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To USD
1D Price
Change %
USD100%
+1.05%
SOXL - USD
97%
Closely correlated
+1.23%
TQQQ - USD
87%
Closely correlated
+0.23%
QLD - USD
87%
Closely correlated
+0.15%
SPXL - USD
80%
Closely correlated
-0.85%
SSO - USD
80%
Closely correlated
-0.56%