FLMX in upward trend: price may jump up because it broke its lower Bollinger Band on September 05, 2023
FLMX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 42 cases where FLMX's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where FLMX's RSI Oscillator exited the oversold zone, of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on September 19, 2023. You may want to consider a long position or call options on FLMX as a result. In of 90 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 September 20, 2023. Looking at past instances where FLMX's MACD turned positive, the stock continued to rise in of 47 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 337 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 .
FLMX moved below its 50-day moving average on August 31, 2023 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 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 .
Fundamental Analysis (Ratings)
Industry description
High and low price notable news
General Information
Category Miscellaneous
FLMX and
Correlation & Price change
A.I.dvisor tells us that FLMX and EWA have been poorly correlated (+22% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that FLMX and EWA's prices will move in lockstep.
| Ticker / NAME | Correlation To FLMX | 1D Price Change % | ||
|---|---|---|---|---|
| FLMX | 100% | -1.75% | ||
| EWA - FLMX | 22% Poorly correlated | -3.17% | ||
| EWY - FLMX | 21% Poorly correlated | -2.64% | ||
| EWU - FLMX | 20% Poorly correlated | -1.11% | ||
| EWC - FLMX | 17% Poorly correlated | -2.16% | ||
| BBCA - FLMX | 17% Poorly correlated | -2.23% |