JETU's Stochastic Oscillator sits in oversold zone for 3 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 uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 23, 2024. You may want to consider a long position or call options on JETU as a result. In of 20 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 JETU advanced for three days, in of 92 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for JETU turned negative on January 06, 2025. 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 17 similar instances when the indicator turned negative. In of the 17 cases the stock turned lower in the days that followed. This puts the odds of success at .
General Information
Category Trading
JETU and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, JETU has been loosely correlated with SPXL. These tickers have moved in lockstep 60% of the time. This A.I.-generated data suggests there is some statistical probability that if JETU jumps, then SPXL could also see price increases.
| Ticker / NAME | Correlation To JETU | 1D Price Change % | ||
|---|---|---|---|---|
| JETU | 100% | +0.68% | ||
| SPXL - JETU | 60% Loosely correlated | +2.79% | ||
| IFED - JETU | 58% Loosely correlated | N/A | ||
| SSO - JETU | 57% Loosely correlated | +1.90% | ||
| FEDL - JETU | 56% Loosely correlated | N/A | ||
| QULL - JETU | 55% Loosely correlated | N/A | ||
More | ||||