CANE's Indicator enters downward trend
The Aroon Indicator for CANE entered a downward trend on December 17, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 134 similar instances where the Aroon Indicator formed such a pattern. In of the 134 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CANE as a result. In of 101 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CANE turned negative on November 29, 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 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .
CANE moved below its 50-day moving average on November 20, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CANE crossed bearishly below the 50-day moving average on November 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CANE 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 RSI Indicator entered the oversold zone -- be on the watch for CANE's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CANE advanced for three days, in of 290 cases, the price rose further within the following month. The odds of a continued upward trend are .
CANE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category CommoditiesBroadBasket
CANE and ETFs
Correlation & Price change
A.I.dvisor tells us that CANE and USOI have been poorly correlated (+15% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that CANE and USOI's prices will move in lockstep.
| Ticker / NAME | Correlation To CANE | 1D Price Change % | ||
|---|---|---|---|---|
| CANE | 100% | -2.77% | ||
| USOI - CANE | 15% Poorly correlated | -0.38% | ||
| BCIM - CANE | 14% Poorly correlated | -1.23% | ||
| GLDM - CANE | 6% Poorly correlated | -0.36% | ||
| IAUM - CANE | 2% Poorly correlated | -0.34% | ||
| SGOL - CANE | 1% Poorly correlated | -0.32% | ||
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