Momentum Indicator for FNOV turns negative, indicating new downward trend
FNOV saw its Momentum Indicator move below the 0 level on January 08, 2025. 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 68 similar instances where the indicator turned negative. In of the 68 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
FNOV moved below its 50-day moving average on January 07, 2025 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 FNOV 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 FNOV entered a downward trend on December 30, 2024. 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 FNOV'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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 43 cases where FNOV's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 FNOV advanced for three days, in of 370 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category Unknown
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FNOV and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FNOV has been closely correlated with BDEC. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if FNOV jumps, then BDEC could also see price increases.
| Ticker / NAME | Correlation To FNOV | 1D Price Change % | ||
|---|---|---|---|---|
| FNOV | 100% | +0.60% | ||
| BDEC - FNOV | 97% Closely correlated | +0.69% | ||
| UDEC - FNOV | 96% Closely correlated | +0.50% | ||
| JANT - FNOV | 96% Closely correlated | +0.67% | ||
| BJAN - FNOV | 95% Closely correlated | +0.68% | ||
| DNOV - FNOV | 95% Closely correlated | +0.51% | ||
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