CHGX's RSI Oscillator recovers from oversold territory
The RSI Indicator for CHGX moved out of oversold territory on December 20, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In of the 24 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 52 cases where CHGX's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 CHGX advanced for three days, in of 353 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CHGX as a result. In of 73 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 10-day moving average for CHGX crossed bearishly below the 50-day moving average on December 23, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 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 CHGX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
General Information
Category LargeBlend
CHGX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CHGX has been closely correlated with DFAU. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if CHGX jumps, then DFAU could also see price increases.
| Ticker / NAME | Correlation To CHGX | 1D Price Change % | ||
|---|---|---|---|---|
| CHGX | 100% | +0.71% | ||
| DFAU - CHGX | 95% Closely correlated | +0.88% | ||
| JUST - CHGX | 94% Closely correlated | +0.95% | ||
| BKLC - CHGX | 93% Closely correlated | +0.92% | ||
| STRV - CHGX | 91% Closely correlated | +1.15% | ||
| RECS - CHGX | 91% Closely correlated | +0.91% | ||
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