ProShares Ultra VIX Short-Term Futures (UVXY, $32.69) entered Downtrend as Momentum indicator drops below 0 level on Apr 26, 2024

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04/27/24

UVXY - ProShares Ultra VIX Short-Term Futures

Momentum signal

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Odds of DOWN Trend

Price: $32.69

Daily change: -$1.64 (-4.78%)

Daily volume: 6M

Net Assets: $205.1M

This indicator may be signaling that UVXY's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 85 similar cases where UVXY's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:

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