Momentum Indicator for FHLC turns negative, indicating new downward trend
FHLC saw its Momentum Indicator move below the 0 level on December 10, 2024. 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 86 similar instances where the indicator turned negative. In of the 86 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for FHLC turned negative on December 11, 2024. 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 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FHLC 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 FHLC entered a downward trend on November 25, 2024. 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 shows that the ticker has stayed in the oversold zone for 3 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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 FHLC advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .
FHLC 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 Health
FHLC and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FHLC has been closely correlated with VHT. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if FHLC jumps, then VHT could also see price increases.
| Ticker / NAME | Correlation To FHLC | 1D Price Change % | ||
|---|---|---|---|---|
| FHLC | 100% | -0.14% | ||
| VHT - FHLC | 99% Closely correlated | -0.10% | ||
| XLV - FHLC | 98% Closely correlated | -0.07% | ||
| IBB - FHLC | 80% Closely correlated | +0.34% | ||
| IHI - FHLC | 74% Closely correlated | +0.15% | ||
| XBI - FHLC | 65% Loosely correlated | -0.18% |