Momentum Indicator for JRS turns negative, indicating new downward trend
JRS saw its Momentum Indicator move below the 0 level on September 21, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 93 similar instances where the indicator turned negative. In of the 93 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for JRS turned negative on September 21, 2023. 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 49 similar instances when the indicator turned negative. In of the 49 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 JRS 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 JRS entered a downward trend on September 20, 2023. 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 RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, 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 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 upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JRS advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .
JRS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Industry description
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Unknown
JRS and
Correlation & Price change
A.I.dvisor indicates that over the last year, JRS has been closely correlated with VNQ. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if JRS jumps, then VNQ could also see price increases.
| Ticker / NAME | Correlation To JRS | 1D Price Change % | ||
|---|---|---|---|---|
| JRS | 100% | -1.06% | ||
| VNQ - JRS | 87% Closely correlated | -0.67% | ||
| IYR - JRS | 87% Closely correlated | -0.72% | ||
| SCHH - JRS | 87% Closely correlated | -0.68% | ||
| REET - JRS | 87% Closely correlated | -0.81% | ||
| XLRE - JRS | 86% Closely correlated | -0.88% | ||
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