Momentum Indicator for HPI turns positive, indicating new upward trend
HPI saw its Momentum Indicator move above the 0 level on November 01, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 66 similar instances where the indicator turned positive. In of the 66 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for HPI just turned positive on November 01, 2023. Looking at past instances where HPI's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
HPI moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for HPI crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 HPI advanced for three days, in of 394 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 285 cases where HPI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 17 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
HPI broke above its upper Bollinger Band on November 02, 2023. 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.
Fundamental Analysis (Ratings)
Industry description
General Information
Category Unknown
HPI and
Correlation & Price change
A.I.dvisor indicates that over the last year, HPI has been closely correlated with PFF. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if HPI jumps, then PFF could also see price increases.