Momentum Indicator for AMZA turns positive, indicating new upward trend
AMZA saw its Momentum Indicator move above the 0 level on January 02, 2025. 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 76 similar instances where the indicator turned positive. In of the 76 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 AMZA just turned positive on January 03, 2025. Looking at past instances where AMZA's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
AMZA moved above its 50-day moving average on December 27, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for AMZA 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 20 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 AMZA advanced for three days, in of 368 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.
The Aroon Indicator for AMZA entered a downward trend on December 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Energy
AMZA and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, AMZA has been closely correlated with AMLP. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if AMZA jumps, then AMLP could also see price increases.
| Ticker / NAME | Correlation To AMZA | 1D Price Change % | ||
|---|---|---|---|---|
| AMZA | 100% | +0.42% | ||
| AMLP - AMZA | 91% Closely correlated | +0.45% | ||
| MLPB - AMZA | 90% Closely correlated | +0.54% | ||
| AMUB - AMZA | 90% Closely correlated | N/A | ||
| MLPA - AMZA | 90% Closely correlated | +0.40% | ||
| ATMP - AMZA | 87% Closely correlated | +0.81% | ||
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