INDF's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for INDF turned positive on November 22, 2024. Looking at past instances where INDF's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 25, 2024. You may want to consider a long position or call options on INDF as a result. In of 71 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The 10-day moving average for INDF crossed bullishly above the 50-day moving average on December 09, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 INDF advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .
INDF may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 58 cases where INDF's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
INDF moved below its 50-day moving average on December 17, 2024 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 INDF 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 INDF entered a downward trend on November 27, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category WorldStock
INDF and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, INDF has been closely correlated with FLIN. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if INDF jumps, then FLIN could also see price increases.
| Ticker / NAME | Correlation To INDF | 1D Price Change % | ||
|---|---|---|---|---|
| INDF | 100% | -1.24% | ||
| FLIN - INDF | 83% Closely correlated | -1.04% | ||
| SMIN - INDF | -6% Poorly correlated | -0.62% | ||
| EPI - INDF | -9% Poorly correlated | -1.05% | ||
| INDY - INDF | -10% Poorly correlated | -1.05% | ||
| INDA - INDF | -12% Poorly correlated | -1.05% |