IFRA in downward trend: price dove below 50-day moving average on December 13, 2024
IFRA moved below its 50-day moving average on December 13, 2024 date and that indicates a change from an upward trend to a downward trend. In of 46 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on IFRA as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for IFRA turned negative on December 04, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IFRA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
IFRA broke above its upper Bollinger Band on November 25, 2024. 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.
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 6 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 IFRA advanced for three days, in of 356 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 333 cases where IFRA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Industrials
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| ABEMX | 13.95 | -0.08 | -0.57% |
| abrdn Emerging Markets Instl | |||
| WCEYX | 20.77 | -0.15 | -0.72% |
| Delaware Ivy Core Equity Fund Class Y | |||
| LIRTX | 8.04 | -0.07 | -0.86% |
| Lord Abbett International Value R5 | |||
| LFSFX | 31.06 | -0.45 | -1.43% |
| Lord Abbett Focused Small Cap Value F | |||
| RICEX | 59.11 | -4.91 | -7.67% |
| American Funds Invmt Co of Amer R4 | |||
IFRA and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, IFRA has been closely correlated with PAVE. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if IFRA jumps, then PAVE could also see price increases.
| Ticker / NAME | Correlation To IFRA | 1D Price Change % | ||
|---|---|---|---|---|
| IFRA | 100% | -1.12% | ||
| PAVE - IFRA | 87% Closely correlated | N/A | ||
| EFRA - IFRA | 81% Closely correlated | -2.88% | ||
| SIMS - IFRA | 81% Closely correlated | -2.46% | ||
| NFRA - IFRA | 80% Closely correlated | -0.52% | ||
| GRID - IFRA | 78% Closely correlated | -0.81% | ||
More | ||||