FORH sees MACD Histogram just turned negative
FORH saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 22, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 20 instances where the indicator turned negative. In of the 20 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 Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FORH as a result. In of 48 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 FORH 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 FORH entered a downward trend on September 18, 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 demonstrates 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.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FORH advanced for three days, in of 147 cases, the price rose further within the following month. The odds of a continued upward trend are .
FORH 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)
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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
Category MidCapBlend
FORH and
Correlation & Price change
A.I.dvisor indicates that over the last year, FORH has been closely correlated with SCHM. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if FORH jumps, then SCHM could also see price increases.
| Ticker / NAME | Correlation To FORH | 1D Price Change % | ||
|---|---|---|---|---|
| FORH | 100% | +0.24% | ||
| SCHM - FORH | 85% Closely correlated | +1.09% | ||
| MDY - FORH | 2% Poorly correlated | +1.06% | ||
| IJH - FORH | 2% Poorly correlated | +1.04% | ||
| IWR - FORH | 1% Poorly correlated | +0.89% | ||
| VO - FORH | 0% Poorly correlated | +0.76% | ||
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