ESIX sees MACD Histogram just turned negative
ESIX saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 07, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 13 instances where the indicator turned negative. In of the 13 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 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ESIX as a result. In of 28 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
ESIX moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ESIX crossed bearishly below the 50-day moving average on August 22, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 6 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 ESIX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ESIX broke above its upper Bollinger Band on September 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.
The Aroon Indicator for ESIX entered a downward trend on September 15, 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 entered the oversold zone -- be on the watch for ESIX's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 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 ESIX advanced for three days, in of 96 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category SmallBlend
ESIX and
Correlation & Price change
A.I.dvisor indicates that over the last year, ESIX has been closely correlated with SPSM. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if ESIX jumps, then SPSM could also see price increases.
| Ticker / NAME | Correlation To ESIX | 1D Price Change % | ||
|---|---|---|---|---|
| ESIX | 100% | -1.39% | ||
| SPSM - ESIX | 100% Closely correlated | -1.39% | ||
| IJR - ESIX | 100% Closely correlated | -1.47% | ||
| FNDA - ESIX | 99% Closely correlated | -1.52% | ||
| VTWO - ESIX | 98% Closely correlated | -1.82% | ||
| IWM - ESIX | 98% Closely correlated | -1.55% | ||
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