SCO etf prediction: down to 29.44 USD ProShares UltraShort Bloomberg Crude Oil fund price price prognosis
Forecast for Fri 19 May 2023 price
ProShares UltraShort Bloomberg Crude Oil etf price forecast for further price development down to -0.58% (time horizon: 1 day) and price target of 29.44 USD. Short-term (time horizon: 2 weeks) ProShares UltraShort Bloomberg Crude Oil fund price prediction for 2023-05-19 with daily closed price projections
Forecast price change
On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.
Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.
Bollinger Bollinger Bands for ProShares UltraShort Bloomberg Crude Oil can provide the information where the market is moving based on price information.
ProShares UltraShort Bloomberg Crude Oil Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.
Converting prices to returns ProShares UltraShort Bloomberg Crude Oil.
On-Balance Volume information for ProShares UltraShort Bloomberg Crude Oil. On-Balance Volume information can be an indicator for bullish or bearish outcome.
Accumulation / Distribution (A/D) indicator information for ProShares UltraShort Bloomberg Crude Oil. The indicator identify divergences between price and volume flow.
Aroon Oscillator information for ProShares UltraShort Bloomberg Crude Oil. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.
Average Directional Index (ADX) information for ProShares UltraShort Bloomberg Crude Oil. The index can be used to identify the strengh of a trend.
Moving Average Convergence Divergence (MACD) for ProShares UltraShort Bloomberg Crude Oil. The indicator helps to predict trend direction and the momentum of the trend.
Stochastic Oscillator as momentum indicator for ProShares UltraShort Bloomberg Crude Oil. The indicator is useful for identifying overbought and oversold levels.
Relative Strength Index (RSI) for ProShares UltraShort Bloomberg Crude Oil. RSI is a momentum oscillator that measures the speed and change of price development.
The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period.
Primary usage of the indicator is to identify overbought or oversold signals.
When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30
Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio
The forecast (dashed curve) of the share price performance is based on historical data.
Our forecast model is based on mathematical, statistical methods.
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which are exclusively based on the prices of these securities in the past.
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or the tax implications an investment may have for the investor. Although we believe that
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