Momentum Indicator for EFU turns negative, indicating new downward trend
EFU saw its Momentum Indicator move below the 0 level on January 06, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 76 similar instances where the indicator turned negative. In of the 76 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 52 cases where EFU's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for EFU turned negative on January 07, 2025. 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
Bullish Trend Analysis
General Information
Category Trading
EFU and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EFU has been closely correlated with SPXU. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if EFU jumps, then SPXU could also see price increases.
| Ticker / NAME | Correlation To EFU | 1D Price Change % | ||
|---|---|---|---|---|
| EFU | 100% | -2.06% | ||
| SPXU - EFU | 67% Closely correlated | -1.48% | ||
| SH - EFU | 66% Loosely correlated | -0.51% | ||
| CARD - EFU | 60% Loosely correlated | -3.17% | ||
| SQQQ - EFU | 59% Loosely correlated | -1.30% | ||
| PSQ - EFU | 59% Loosely correlated | -0.41% | ||
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