FLMX's RSI Indicator climbs out of oversold territory
The RSI Oscillator for FLMX moved out of oversold territory on November 27, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 25 similar instances when the indicator left oversold territory. In of the 25 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 04, 2024. You may want to consider a long position or call options on FLMX as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FLMX just turned positive on December 02, 2024. Looking at past instances where FLMX's MACD turned positive, the stock continued to rise in of 48 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 FLMX advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where FLMX's Stochastic Oscillator exited the overbought zone, the price fell further within 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 FLMX 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 FLMX entered a downward trend on December 09, 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.
General Information
Category Miscellaneous
FLMX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FLMX has been closely correlated with EWW. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if FLMX jumps, then EWW could also see price increases.
| Ticker / NAME | Correlation To FLMX | 1D Price Change % | ||
|---|---|---|---|---|
| FLMX | 100% | -0.73% | ||
| EWW - FLMX | 76% Closely correlated | -0.44% | ||
| BBCA - FLMX | 54% Loosely correlated | -0.48% | ||
| EWC - FLMX | 46% Loosely correlated | -0.61% | ||
| EWU - FLMX | 42% Loosely correlated | -0.27% | ||
| EWA - FLMX | 39% Loosely correlated | +0.27% | ||
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