ENRG sees MACD Histogram crosses below signal line
ENRG saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 21, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 15 instances where the indicator turned negative. In of the 15 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 06, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ENRG as a result. In of 35 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 ENRG 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 ENRG entered a downward trend on October 03, 2023. 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
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 18 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ENRG advanced for three days, in of 130 cases, the price rose further within the following month. The odds of a continued upward trend are .
ENRG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Miscellaneous
ENRG and
Correlation & Price change
A.I.dvisor indicates that over the last year, ENRG has been closely correlated with QCLN. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if ENRG jumps, then QCLN could also see price increases.
| Ticker / NAME | Correlation To ENRG | 1D Price Change % | ||
|---|---|---|---|---|
| ENRG | 100% | -2.97% | ||
| QCLN - ENRG | 93% Closely correlated | -3.65% | ||
| BOTZ - ENRG | 2% Poorly correlated | -2.27% | ||
| XT - ENRG | 1% Poorly correlated | -2.16% | ||
| JETS - ENRG | 1% Poorly correlated | -2.38% | ||
| ICLN - ENRG | -1% Poorly correlated | -2.77% | ||
More | ||||