FNGS in downward trend: price may decline as a result of having broken its higher Bollinger Band on December 16, 2024
FNGS broke above its upper Bollinger Band on December 16, 2024. 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 A.I.dvisor looked at 47 similar instances where the stock broke above the upper band. In of the 47 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 02, 2024. You may want to consider a long position or call options on FNGS as a result. In of 71 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 FNGS just turned positive on December 03, 2024. Looking at past instances where FNGS'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 FNGS advanced for three days, in of 388 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 364 cases where FNGS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
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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% | -1.72% | ||
| IYW - FNGS | 93% Closely correlated | -0.60% | ||
| VGT - FNGS | 91% Closely correlated | -0.62% | ||
| XLK - FNGS | 90% Closely correlated | -0.60% | ||
| CHAT - FNGS | 89% Closely correlated | -1.65% | ||
| SMH - FNGS | 83% Closely correlated | -1.30% | ||
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