AAPB GraniteShares 2x Long AAPL Daily ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for AAPB turns positive, indicating new upward trend
AAPB saw its Momentum Indicator move above the 0 level on November 14, 2024. 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 32 similar instances where the indicator turned positive. In of the 32 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for AAPB just turned positive on November 19, 2024. Looking at past instances where AAPB's MACD turned positive, the stock continued to rise in of 25 cases over the following month. The odds of a continued upward trend are .
AAPB moved above its 50-day moving average on November 22, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for AAPB crossed bullishly above the 50-day moving average on November 27, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 6 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 AAPB advanced for three days, in of 159 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 135 cases where AAPB 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 RSI Indicator demonstrates 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.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 20 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
AAPB broke above its upper Bollinger Band on December 02, 2024. 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.
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| TEOOX | 8.16 | N/A | N/A |
| Transamerica Emerging Markets Eq R6 | |||
| SEPCX | 9.50 | -0.05 | -0.52% |
| Saratoga Energy & Basic Materials C | |||
| PMPCX | 16.45 | -0.12 | -0.72% |
| Putnam Sustainable Future C | |||
| FSLBX | 189.47 | -2.71 | -1.41% |
| Fidelity Select Brokerage & Inv Mgmt | |||
| AFEIX | 54.67 | -3.52 | -6.05% |
| American Century Large Cap Equity I | |||
AAPB and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, AAPB has been loosely correlated with FNGU. These tickers have moved in lockstep 60% of the time. This A.I.-generated data suggests there is some statistical probability that if AAPB jumps, then FNGU could also see price increases.
| Ticker / NAME | Correlation To AAPB | 1D Price Change % | ||
|---|---|---|---|---|
| AAPB | 100% | +1.88% | ||
| FNGU - AAPB | 60% Loosely correlated | -3.77% | ||
| QLD - AAPB | 59% Loosely correlated | -0.89% | ||
| TQQQ - AAPB | 59% Loosely correlated | -1.34% | ||
| SPXL - AAPB | 57% Loosely correlated | -1.33% | ||
| SSO - AAPB | 56% Loosely correlated | -0.87% | ||
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