DGZ saw its Stochastic Oscillator leaves the overbought zone
The Stochastic Oscillator for DGZ moved out of overbought territory on December 24, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 56 similar instances where the indicator exited the overbought zone. In of the 56 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 January 02, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on DGZ as a result. In of 122 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 DGZ turned negative on December 31, 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 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
DGZ moved below its 50-day moving average on December 31, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for DGZ crossed bearishly below the 50-day moving average on January 07, 2025. 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 DGZ 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 DGZ entered a downward trend on December 24, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
General Information
Category Trading
DGZ and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, DGZ has been loosely correlated with DULL. These tickers have moved in lockstep 33% of the time. This A.I.-generated data suggests there is some statistical probability that if DGZ jumps, then DULL could also see price increases.
| Ticker / NAME | Correlation To DGZ | 1D Price Change % | ||
|---|---|---|---|---|
| DGZ | 100% | N/A | ||
| DULL - DGZ | 33% Loosely correlated | -4.57% | ||
| GLL - DGZ | 30% Poorly correlated | -1.16% | ||
| GDXD - DGZ | 24% Poorly correlated | -7.07% | ||
| ZSL - DGZ | 23% Poorly correlated | -3.40% | ||
| DZZ - DGZ | 15% Poorly correlated | +3.12% | ||
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