Momentum Indicator for BAL.X turns positive, indicating new upward trend
BAL.X 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 86 similar instances where the indicator turned positive. In of the 86 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 BAL.X just turned positive on December 03, 2023. Looking at past instances where BAL.X's MACD turned positive, the stock continued to rise in of 42 cases 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 BAL.X advanced for three days, in of 277 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 212 cases where BAL.X 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 10-day RSI Indicator for BAL.X moved out of overbought territory on December 06, 2023. 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 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BAL.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BAL.X broke above its upper Bollinger Band on December 03, 2023. 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.
Fundamental Analysis (Ratings)
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| DBMF | 26.96 | 0.29 | +1.09% |
| iMGP DBi Managed Futures Strategy ETF | |||
| IWR | 73.85 | 0.34 | +0.46% |
| iShares Russell Mid-Cap ETF | |||
| GAL | 40.06 | 0.05 | +0.11% |
| SPDR® SSgA Global Allocation ETF | |||
| JHAA | 9.70 | N/A | N/A |
| Nuveen Corporate Income 2023 Target Term Fund | |||
| HCOM | 15.20 | -0.04 | -0.23% |
| Hartford Schroders Commodity Strtgy ETF | |||
BAL.X and
Correlation & Price change
A.I.dvisor indicates that over the last year, BAL.X has been closely correlated with ETH.X. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if BAL.X jumps, then ETH.X could also see price increases.
| Ticker / NAME | Correlation To BAL.X | 1D Price Change % | ||
|---|---|---|---|---|
| BAL.X | 100% | +0.90% | ||
| ETH.X - BAL.X | 82% Closely correlated | +0.05% | ||
| ETHUP.X - BAL.X | 80% Closely correlated | +0.32% | ||
| XTZ.X - BAL.X | 77% Closely correlated | +4.02% | ||
| LRC.X - BAL.X | 76% Closely correlated | +3.98% | ||
| DOT.X - BAL.X | 76% Closely correlated | +9.49% | ||
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