BATT Amplify Lithium & Battery Tech ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for BATT turns positive, indicating new upward trend
BATT 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 89 similar instances where the indicator turned positive. In of the 89 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BATT's RSI Oscillator exited the oversold zone, of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for BATT just turned positive on November 03, 2023. Looking at past instances where BATT'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 BATT advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BATT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BATT entered a downward trend on November 10, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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 NaturalResources
BATT and
Correlation & Price change
A.I.dvisor indicates that over the last year, BATT has been closely correlated with LIT. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if BATT jumps, then LIT could also see price increases.
| Ticker / NAME | Correlation To BATT | 1D Price Change % | ||
|---|---|---|---|---|
| BATT | 100% | +1.47% | ||
| LIT - BATT | 91% Closely correlated | +1.32% | ||
| GNR - BATT | 73% Closely correlated | +1.56% | ||
| GUNR - BATT | 71% Closely correlated | +1.55% | ||
| VAW - BATT | 69% Closely correlated | +1.50% | ||
| XLB - BATT | 68% Closely correlated | +1.14% | ||
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