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UXI
ETF ticker: NYSE ARCA
AS OF
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Net Assets
17.05M

UXI ProShares Ultra Industrials Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for UXI with price predictions
08:00 PM EDT Sep 21, 2023

UXI's Stochastic Oscillator is remaining in oversold zone for 10 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 uptrend is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UXI advanced for three days, in of 346 cases, the price rose further within the following month. The odds of a continued upward trend are .

UXI 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 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on UXI as a result. In of 76 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 UXI turned negative on September 06, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

UXI 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.

The 10-day moving average for UXI crossed bearishly below the 50-day moving average on August 22, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 UXI 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 UXI entered a downward trend on September 20, 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 Caterpillar (NYSE:CAT), United Parcel Service (NYSE:UPS), Union Pacific Corp (NYSE:UNP), Honeywell International (NASDAQ:HON), General Electric Company (NYSE:GE), Boeing Company (NYSE:BA), Deere & Company (NYSE:DE), Lockheed Martin Corp (NYSE:LMT), Illinois Tool Works (NYSE:ITW), FedEx Corp (NYSE:FDX).

Industry description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Industrial Select Sector 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 represents the industrials sector of the S&P 500 Index (“S&P 500”). The fund is non-diversified.

Market Cap

The average market capitalization across the ProShares Ultra Industrials ETF is 23.04B. The market cap for tickers in the group ranges from 4.77B to 139.3B. CAT holds the highest valuation in this group at 139.3B. The lowest valued company is ALK at 4.77B.

High and low price notable news

The average weekly price growth across all stocks in the ProShares Ultra Industrials ETF was -5%. For the same ETF, the average monthly price growth was -9%, and the average quarterly price growth was 7%. FDX experienced the highest price growth at 3%, while CDAY experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the ProShares Ultra Industrials ETF was -50%. For the same stocks of the ETF, the average monthly volume growth was 34% and the average quarterly volume growth was -3%

Fundamental Analysis Ratings

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

Valuation Rating: 63
P/E Growth Rating: 51
Price Growth Rating: 51
SMR Rating: 51
Profit Risk Rating: 52
Seasonality Score: -36 (-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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UXI and

Correlation & Price change

A.I.dvisor tells us that UXI and SOXL have been poorly correlated (+-11% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that UXI and SOXL's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To UXI
1D Price
Change %
UXI100%
-0.23%
SOXL - UXI
-11%
Poorly correlated
+2.41%
TQQQ - UXI
-13%
Poorly correlated
+0.07%
QLD - UXI
-13%
Poorly correlated
+0.08%
SPXL - UXI
-14%
Poorly correlated
-0.82%
SSO - UXI
-15%
Poorly correlated
-0.53%