AMUB's RSI Indicator ascends from oversold territory
The RSI Oscillator for AMUB moved out of oversold territory on December 20, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In of the 22 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 02, 2025. You may want to consider a long position or call options on AMUB as a result. In of 70 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AMUB just turned positive on January 06, 2025. Looking at past instances where AMUB's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
AMUB moved above its 50-day moving average on December 23, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for AMUB crossed bullishly above the 50-day moving average on January 06, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 AMUB advanced for three days, in of 375 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
General Information
Category Energy
AMUB and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, AMUB has been closely correlated with MLPB. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if AMUB jumps, then MLPB could also see price increases.
| Ticker / NAME | Correlation To AMUB | 1D Price Change % | ||
|---|---|---|---|---|
| AMUB | 100% | N/A | ||
| MLPB - AMUB | 99% Closely correlated | +0.54% | ||
| ATMP - AMUB | 91% Closely correlated | +0.81% | ||
| AMZA - AMUB | 90% Closely correlated | +0.42% | ||
| UMI - AMUB | 85% Closely correlated | +0.63% | ||
| AMND - AMUB | 85% Closely correlated | N/A | ||
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