FMET sees MACD Histogram just turned negative
FMET saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 01, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 14 instances where the indicator turned negative. In of the 14 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for FMET moved out of overbought territory on November 30, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 9 similar instances where the indicator moved out of overbought territory. In of the 9 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on December 05, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FMET as a result. In of 27 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 FMET declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FMET broke above its upper Bollinger Band on November 03, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
FMET moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for FMET crossed bullishly above the 50-day moving average on November 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 FMET advanced for three days, in of 100 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 53 cases where FMET Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
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Correlation & Price change
A.I.dvisor indicates that over the last year, FMET has been closely correlated with ESPO. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if FMET jumps, then ESPO could also see price increases.
| Ticker / NAME | Correlation To FMET | 1D Price Change % | ||
|---|---|---|---|---|
| FMET | 100% | -0.56% | ||
| ESPO - FMET | 90% Closely correlated | -0.94% | ||
| IYW - FMET | 86% Closely correlated | +0.54% | ||
| VGT - FMET | 86% Closely correlated | +0.54% | ||
| XLK - FMET | 84% Closely correlated | +0.60% | ||
| SOXX - FMET | 83% Closely correlated | -0.57% | ||
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