FLYD MicroSectors™ Travel -3X Inv Lvgd ETNs Forecast, Technical & Fundamental Analysis
Momentum Indicator for FLYD turns negative, indicating new downward trend
FLYD saw its Momentum Indicator move below the 0 level on November 02, 2023. 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 21 similar instances where the indicator turned negative. In of the 21 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 FLYD turned negative on November 02, 2023. 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 14 similar instances when the indicator turned negative. In of the 14 cases the stock turned lower in the days that followed. This puts the odds of success at .
FLYD moved below its 50-day moving average on November 07, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FLYD crossed bearishly below the 50-day moving average on November 14, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 3 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 FLYD 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 FLYD entered a downward trend on December 05, 2023. 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 points to a transition from a downward trend to an upward trend -- in cases where FLYD's RSI Indicator exited the oversold zone, of 8 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FLYD advanced for three days, in of 91 cases, the price rose further within the following month. The odds of a continued upward trend are .
FLYD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category BearMarket
FLYD and
Correlation & Price change
A.I.dvisor tells us that FLYD and SDS have been poorly correlated (+19% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that FLYD and SDS's prices will move in lockstep.
| Ticker / NAME | Correlation To FLYD | 1D Price Change % | ||
|---|---|---|---|---|
| FLYD | 100% | +3.83% | ||
| SDS - FLYD | 19% Poorly correlated | +0.06% | ||
| SPXU - FLYD | 19% Poorly correlated | N/A | ||
| SH - FLYD | 19% Poorly correlated | +0.15% | ||
| SQQQ - FLYD | 16% Poorly correlated | -0.73% | ||
| SPXS - FLYD | 14% Poorly correlated | +0.08% | ||
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