Momentum Indicator for CET turns positive, indicating new upward trend
CET saw its Momentum Indicator move above the 0 level on November 02, 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 82 similar instances where the indicator turned positive. In of the 82 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 CET just turned positive on November 02, 2023. Looking at past instances where CET's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
CET moved above its 50-day moving average on November 01, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for CET crossed bullishly above the 50-day moving average on November 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 CET advanced for three days, in of 372 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 343 cases where CET 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 17 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 CET declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CET broke above its upper Bollinger Band on November 20, 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)
Industry description
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| IICFX | 9.00 | 0.02 | +0.22% |
| Voya Multi-Manager Intl Factors I | |||
| CWGCX | 57.47 | 0.09 | +0.16% |
| American Funds Capital World Gr&Inc C | |||
| FLCSX | 43.79 | 0.05 | +0.11% |
| Fidelity® Large Cap Stock | |||
| DLCIX | 22.33 | -0.04 | -0.18% |
| Dana Large Cap Equity Institutional | |||
| CCCCX | 3.88 | -0.01 | -0.26% |
| Center Coast Brookfield Midstream Foc C | |||
CET and
Correlation & Price change
A.I.dvisor indicates that over the last year, CET has been closely correlated with VTI. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if CET jumps, then VTI could also see price increases.