JRNY ALPS Global Travel Beneficiaries ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for JRNY turns positive, indicating new upward trend
JRNY saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator turned positive. In of the 38 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for JRNY just turned positive on October 31, 2023. Looking at past instances where JRNY's MACD turned positive, the stock continued to rise in of 18 cases over the following month. The odds of a continued upward trend are .
JRNY moved above its 50-day moving average on November 13, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for JRNY crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 8 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 JRNY advanced for three days, in of 131 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 85 cases where JRNY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where JRNY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
JRNY broke above its upper Bollinger Band on November 03, 2023. 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.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category ConsumerDiscretionary
JRNY and
Correlation & Price change
A.I.dvisor tells us that JRNY and ITB have been poorly correlated (+-3% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that JRNY and ITB's prices will move in lockstep.
| Ticker / NAME | Correlation To JRNY | 1D Price Change % | ||
|---|---|---|---|---|
| JRNY | 100% | +0.11% | ||
| ITB - JRNY | -3% Poorly correlated | +0.50% | ||
| FXD - JRNY | -3% Poorly correlated | +0.34% | ||
| FDIS - JRNY | -4% Poorly correlated | -0.20% | ||
| XHB - JRNY | -5% Poorly correlated | +0.67% | ||
| VCR - JRNY | -5% Poorly correlated | -0.18% | ||
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