Momentum Indicator for FLAU turns negative, indicating new downward trend
FLAU saw its Momentum Indicator move below the 0 level on December 06, 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 85 similar instances where the indicator turned negative. In of the 85 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 FLAU turned negative on December 06, 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 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .
FLAU moved below its 50-day moving average on December 04, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FLAU crossed bearishly below the 50-day moving average on December 11, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 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 FLAU 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 FLAU entered a downward trend on December 13, 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 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 upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FLAU advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .
FLAU 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 Miscellaneous
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FLAU and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FLAU has been closely correlated with BBCA. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if FLAU jumps, then BBCA could also see price increases.
| Ticker / NAME | Correlation To FLAU | 1D Price Change % | ||
|---|---|---|---|---|
| FLAU | 100% | +0.09% | ||
| BBCA - FLAU | 79% Closely correlated | -0.48% | ||
| EWW - FLAU | -1% Poorly correlated | -0.44% | ||
| EWY - FLAU | -10% Poorly correlated | -1.31% | ||
| EWC - FLAU | -10% Poorly correlated | -0.61% | ||
| EWA - FLAU | -15% Poorly correlated | +0.27% | ||
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