CLM's RSI Oscillator climbs out of oversold territory
The RSI Oscillator for CLM moved out of oversold territory on October 30, 2023. 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 23 similar instances when the indicator left oversold territory. In of the 23 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 17, 2023. You may want to consider a long position or call options on CLM as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CLM just turned positive on November 01, 2023. Looking at past instances where CLM's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
CLM moved above its 50-day moving average on November 22, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for CLM crossed bullishly above the 50-day moving average on November 29, 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 CLM advanced for three days, in of 421 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 271 cases where CLM 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 Stochastic Oscillator demonstrated 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 50-day moving average for CLM moved below the 200-day moving average on November 15, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CLM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CLM broke above its upper Bollinger Band on December 01, 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
CLM and
Correlation & Price change
A.I.dvisor indicates that over the last year, CLM has been loosely correlated with VTI. These tickers have moved in lockstep 44% of the time. This A.I.-generated data suggests there is some statistical probability that if CLM jumps, then VTI could also see price increases.