KORU Direxion Daily South Korea Bull 3X ETF Forecast, Technical & Fundamental Analysis
KORU in -6.38% downward trend, sliding for three consecutive days on December 17, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where KORU declined for three days, in of 304 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 03, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on KORU as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Aroon Indicator for KORU entered a downward trend on December 12, 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.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where KORU's RSI Indicator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where KORU's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for KORU just turned positive on December 13, 2024. Looking at past instances where KORU's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where KORU advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .
KORU 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 Trading
| 1 Day | |||
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| MIISX | 7.10 | -0.05 | -0.70% |
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| AEUDX | 8.48 | -0.75 | -8.16% |
| American Century Equity Income R6 | |||
KORU and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, KORU has been closely correlated with SSO. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if KORU jumps, then SSO could also see price increases.
| Ticker / NAME | Correlation To KORU | 1D Price Change % | ||
|---|---|---|---|---|
| KORU | 100% | -4.42% | ||
| SSO - KORU | 72% Closely correlated | -0.87% | ||
| SPXL - KORU | 70% Closely correlated | -1.33% | ||
| QLD - KORU | 66% Closely correlated | -0.89% | ||
| TQQQ - KORU | 66% Closely correlated | -1.34% | ||
| QULL - KORU | 60% Loosely correlated | -0.73% | ||
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