Momentum Indicator for FNGS turns positive, indicating new upward trend
FNGS saw its Momentum Indicator move above the 0 level on January 17, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 71 similar instances where the indicator turned positive. In of the 71 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for FNGS just turned positive on January 22, 2025. Looking at past instances where FNGS's MACD turned positive, the stock continued to rise in of 51 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 FNGS advanced for three days, in of 383 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 65 cases where FNGS'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 FNGS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FNGS broke above its upper Bollinger Band on January 22, 2025. 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.
The Aroon Indicator for FNGS entered a downward trend on January 23, 2025. 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 Technology
FNGS and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FNGS has been closely correlated with IYW. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if FNGS jumps, then IYW could also see price increases.
| Ticker / NAME | Correlation To FNGS | 1D Price Change % | ||
|---|---|---|---|---|
| FNGS | 100% | -1.54% | ||
| IYW - FNGS | 93% Closely correlated | -0.04% | ||
| VGT - FNGS | 91% Closely correlated | +0.01% | ||
| FTEC - FNGS | 90% Closely correlated | -0.04% | ||
| XLK - FNGS | 90% Closely correlated | +0.19% | ||
| CHAT - FNGS | 89% Closely correlated | +1.83% | ||
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