IBOT's Indicator enters downward trend
The Aroon Indicator for IBOT entered a downward trend on January 08, 2025. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 46 similar instances where the Aroon Indicator formed such a pattern. In of the 46 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 20 cases where IBOT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
IBOT 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 IBOT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on IBOT as a result. In of 32 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for IBOT just turned positive on January 06, 2025. Looking at past instances where IBOT'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 IBOT advanced for three days, in of 112 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category Technology
IBOT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, IBOT has been closely correlated with SOXX. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if IBOT jumps, then SOXX could also see price increases.
| Ticker / NAME | Correlation To IBOT | 1D Price Change % | ||
|---|---|---|---|---|
| IBOT | 100% | +0.85% | ||
| SOXX - IBOT | 87% Closely correlated | +2.03% | ||
| FTEC - IBOT | 86% Closely correlated | -0.04% | ||
| VGT - IBOT | 86% Closely correlated | +0.01% | ||
| SMH - IBOT | 85% Closely correlated | +2.35% | ||
| CHAT - IBOT | 84% Closely correlated | +1.83% | ||
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