FXN's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for FXN turned positive on December 31, 2024. Looking at past instances where FXN's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FXN's RSI Indicator exited the oversold zone, of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on December 31, 2024. You may want to consider a long position or call options on FXN as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
FXN moved above its 50-day moving average on January 03, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FXN advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated 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.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FXN 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 FXN entered a downward trend on January 02, 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 Energy
FXN and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FXN has been closely correlated with XOP. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if FXN jumps, then XOP could also see price increases.
| Ticker / NAME | Correlation To FXN | 1D Price Change % | ||
|---|---|---|---|---|
| FXN | 100% | +0.39% | ||
| XOP - FXN | 98% Closely correlated | -0.29% | ||
| IYE - FXN | 98% Closely correlated | +0.73% | ||
| RSPG - FXN | 97% Closely correlated | +0.42% | ||
| FENY - FXN | 95% Closely correlated | +0.75% | ||
| VDE - FXN | 94% Closely correlated | +0.69% | ||
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