Momentum Indicator for EUO turns negative, indicating new downward trend
EUO saw its Momentum Indicator move below the 0 level on April 03, 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 94 similar instances where the indicator turned negative. In of the 94 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
EUO moved below its 50-day moving average on March 03, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EUO 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 EUO entered a downward trend on March 20, 2025. 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where EUO's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Moving Average Convergence Divergence (MACD) for EUO just turned positive on March 21, 2025. Looking at past instances where EUO'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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EUO advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .
EUO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category Trading
EUO and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EUO has been closely correlated with UUP. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if EUO jumps, then UUP could also see price increases.
| Ticker / NAME | Correlation To EUO | 1D Price Change % | ||
|---|---|---|---|---|
| EUO | 100% | +1.33% | ||
| UUP - EUO | 95% Closely correlated | N/A | ||
| USDU - EUO | 87% Closely correlated | +1.23% | ||
| YCS - EUO | 53% Loosely correlated | +0.78% | ||
| XDQQ - EUO | 15% Poorly correlated | -6.18% | ||
| VXZ - EUO | 11% Poorly correlated | +6.27% | ||
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