AMOM QRAFT AI-Enhanced US Large Cap Mmntm ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for AMOM turns positive, indicating new upward trend
AMOM saw its Momentum Indicator move above the 0 level on December 01, 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 77 similar instances where the indicator turned positive. In of the 77 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
AMOM moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for AMOM crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 AMOM advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .
AMOM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 300 cases where AMOM 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 demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where AMOM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for AMOM turned negative on November 30, 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMOM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeGrowth
AMOM and
Correlation & Price change
A.I.dvisor tells us that AMOM and IWF have been poorly correlated (+5% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that AMOM and IWF's prices will move in lockstep.
| Ticker / NAME | Correlation To AMOM | 1D Price Change % | ||
|---|---|---|---|---|
| AMOM | 100% | +1.45% | ||
| IWF - AMOM | 5% Poorly correlated | +0.38% | ||
| IVW - AMOM | 5% Poorly correlated | +0.36% | ||
| VUG - AMOM | 5% Poorly correlated | +0.35% | ||
| SCHG - AMOM | 5% Poorly correlated | +0.29% | ||
| QQQ - AMOM | 3% Poorly correlated | +0.29% | ||
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