ProShares Ultra Materials (UYM, $26.3) entered Downtrend as Momentum indicator drops below 0 level on Apr 30, 2024

A.I.dvisor
at Tickeron.com
05/01/24
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UYM - ProShares Ultra Materials
Momentum signal
Bearish Trend
Odds of DOWN Trend
Momentum signal
Price: $26.3
Daily change: -$0.93 (-3.4%)
Daily volume: 13.6K
Net Assets: $42.6M
This indicator may be signaling that UYM'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 73 similar cases where UYM's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:
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UYMDaily Signal changed days agoGain/Loss if shorted
 
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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