AOTG in downward trend: price may drop because broke its higher Bollinger Band on December 04, 2024
AOTG broke above its upper Bollinger Band on December 04, 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. The A.I.dvisor looked at 21 similar instances where the stock broke above the upper band. In of the 21 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for AOTG moved out of overbought territory on December 09, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 27 similar instances where the indicator moved out of overbought territory. In of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for AOTG turned negative on December 09, 2024. 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 22 similar instances when the indicator turned negative. In of the 22 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 AOTG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Momentum Indicator moved above the 0 level on November 29, 2024. You may want to consider a long position or call options on AOTG as a result. In of 33 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 160 cases where AOTG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Technology
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AOTG and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, AOTG has been closely correlated with IYW. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if AOTG jumps, then IYW could also see price increases.
| Ticker / NAME | Correlation To AOTG | 1D Price Change % | ||
|---|---|---|---|---|
| AOTG | 100% | +0.54% | ||
| IYW - AOTG | 90% Closely correlated | -0.60% | ||
| VGT - AOTG | 90% Closely correlated | -0.62% | ||
| XLK - AOTG | 87% Closely correlated | -0.60% | ||
| CHAT - AOTG | 84% Closely correlated | -1.65% | ||
| SMH - AOTG | 83% Closely correlated | -1.30% | ||
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