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UYM
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
38.98M

UYM ProShares Ultra Materials Forecast, Technical & Fundamental Analysis

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

Momentum Indicator for UYM turns positive, indicating new upward trend

UYM saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 76 similar instances where the indicator turned positive. In of the 76 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for UYM just turned positive on November 01, 2023. Looking at past instances where UYM's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

UYM 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 UYM crossed bullishly above the 50-day moving average on November 20, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 3-day Advance, the price is estimated to grow further. Considering data from situations where UYM advanced for three days, in of 342 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 302 cases where UYM 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 10-day RSI Indicator for UYM moved out of overbought territory on December 04, 2023. 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 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

UYM 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 Freeport-McMoran (NYSE:FCX), Newmont Corp (NYSE:NEM), Nucor Corp (NYSE:NUE), Dow (NYSE:DOW), DuPont de Nemours (NYSE:DD), CF Industries Holding (NYSE:CF), Mosaic Company (The) (NYSE:MOS).

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 Materials Select Sector 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 constructed and maintained by S&P Dow Jones Indices LLC. The index represents the materials sector of the S&P 500 Index. The fund is non-diversified.

Market Cap

The average market capitalization across the ProShares Ultra Materials ETF is 25.95B. The market cap for tickers in the group ranges from 4.92B to 199.62B. LIN holds the highest valuation in this group at 199.62B. The lowest valued company is SEE at 4.92B.

High and low price notable news

The average weekly price growth across all stocks in the ProShares Ultra Materials ETF was 3%. For the same ETF, the average monthly price growth was 9%, and the average quarterly price growth was 3%. WRK experienced the highest price growth at 10%, while CF experienced the biggest fall at -3%.

Volume

The average weekly volume growth across all stocks in the ProShares Ultra Materials ETF was 30%. For the same stocks of the ETF, the average monthly volume growth was 6% and the average quarterly volume growth was 8%

Fundamental Analysis Ratings

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

Valuation Rating: 50
P/E Growth Rating: 41
Price Growth Rating: 44
SMR Rating: 58
Profit Risk Rating: 56
Seasonality Score: 20 (-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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UYM and

Correlation & Price change

A.I.dvisor tells us that UYM and SPXL have been poorly correlated (+24% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that UYM and SPXL's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To UYM
1D Price
Change %
UYM100%
-2.14%
SPXL - UYM
24%
Poorly correlated
-1.51%
SSO - UYM
23%
Poorly correlated
-1.07%
TQQQ - UYM
19%
Poorly correlated
-2.85%
QLD - UYM
19%
Poorly correlated
-1.92%
SOXL - UYM
15%
Poorly correlated
-3.29%