The Aroon Indicator for EEV entered a downward trend on June 15, 2022. 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 317 similar instances where the Aroon Indicator formed such a pattern. In 294 of the 317 cases the stock moved lower. This puts the odds of a downward move at 90%.
The Momentum Indicator moved below the 0 level on July 01, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on EEV as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 EEV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
EEV broke above its upper Bollinger Band on June 13, 2022. 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.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 72 cases where EEV'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 .
The Moving Average Convergence Divergence (MACD) for EEV just turned positive on June 30, 2022. Looking at past instances where EEV's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
EEV moved above its 50-day moving average on June 09, 2022 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for EEV crossed bullishly above the 50-day moving average on June 16, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 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 EEV advanced for three days, in of 263 cases, the price rose further within the following month. The odds of a continued upward trend are .
A.I.dvisor indicates that over the last year, EEV has been loosely correlated with SQQQ. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if EEV jumps, then SQQQ could also see price increases.
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