Momentum Indicator for GMET turns negative, indicating new downward trend
GMET saw its Momentum Indicator move below the 0 level on December 04, 2023. 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 31 similar instances where the indicator turned negative. In of the 31 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
GMET moved below its 50-day moving average on December 04, 2023 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 GMET 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 GMET entered a downward trend on November 21, 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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 26 cases where GMET'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 .
The Moving Average Convergence Divergence (MACD) for GMET just turned positive on November 03, 2023. Looking at past instances where GMET's MACD turned positive, the stock continued to rise in of 16 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 GMET advanced for three days, in of 107 cases, the price rose further within the following month. The odds of a continued upward trend are .
GMET 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
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General Information
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Correlation & Price change
A.I.dvisor tells us that GMET and LIT have been poorly correlated (+24% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that GMET and LIT's prices will move in lockstep.
| Ticker / NAME | Correlation To GMET | 1D Price Change % | ||
|---|---|---|---|---|
| GMET | 100% | -2.31% | ||
| LIT - GMET | 24% Poorly correlated | -2.05% | ||
| GNR - GMET | 2% Poorly correlated | -1.35% | ||
| GUNR - GMET | 2% Poorly correlated | -1.25% | ||
| VAW - GMET | -1% Poorly correlated | -1.51% | ||
| XLB - GMET | -2% Poorly correlated | -1.37% | ||
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