INDE in downward trend: 10-day moving average crossed below 50-day moving average on December 23, 2024
The 10-day moving average for INDE crossed bearishly below the 50-day moving average on December 23, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 2 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
INDE moved below its 50-day moving average on January 06, 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 INDE 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 INDE entered a downward trend on January 06, 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.
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Momentum Indicator moved above the 0 level on January 08, 2025. You may want to consider a long position or call options on INDE as a result. In of 18 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
INDE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category WorldStock
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| AMZU | 44.19 | 1.99 | +4.72% |
| Direxion Daily AMZN Bull 2X Shares | |||
| DFAE | 25.40 | 0.22 | +0.87% |
| Dimensional Emerging Core Equity Mkt ETF | |||
| FLGB | 26.59 | 0.15 | +0.57% |
| Franklin FTSE United Kingdom ETF | |||
| DRV | 28.54 | -0.12 | -0.42% |
| Direxion Daily Real Estate Bear 3X ETF | |||
| HARD | 28.51 | -0.29 | -1.02% |
| Simplify Commodities Strategy No K-1 ETF | |||
INDE and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, INDE has been closely correlated with INDA. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if INDE jumps, then INDA could also see price increases.
| Ticker / NAME | Correlation To INDE | 1D Price Change % | ||
|---|---|---|---|---|
| INDE | 100% | -0.15% | ||
| INDA - INDE | 90% Closely correlated | +0.25% | ||
| EPI - INDE | 90% Closely correlated | +0.27% | ||
| FLIN - INDE | 90% Closely correlated | +0.27% | ||
| SMIN - INDE | 85% Closely correlated | N/A | ||
| INDY - INDE | 84% Closely correlated | -0.16% |