Momentum Indicator for MGMT turns negative, indicating new downward trend
MGMT saw its Momentum Indicator move below the 0 level on December 12, 2024. 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 71 similar instances where the indicator turned negative. In of the 71 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for MGMT moved out of overbought territory on December 06, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 27 similar instances where the indicator moved out of overbought territory. In of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for MGMT turned negative on December 05, 2024. 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 39 similar instances when the indicator turned negative. In of the 39 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 MGMT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator demonstrated 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MGMT advanced for three days, in of 263 cases, the price rose further within the following month. The odds of a continued upward trend are .
MGMT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 194 cases where MGMT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category SmallBlend
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| AIOOX | 11.41 | N/A | N/A |
| Aristotle/Saul Global Equity I-2 | |||
| FCICX | 16.64 | -0.04 | -0.24% |
| NYLI PineStone International Equity Cl C | |||
| MAFOX | 9.07 | -0.04 | -0.44% |
| BlackRock Large Cap Focus Growth Instl | |||
| JVASX | 38.88 | -0.30 | -0.77% |
| JPMorgan Value Advantage I | |||
| TVOYX | 39.80 | -0.65 | -1.61% |
| Touchstone Small Cap Value Y | |||
MGMT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, MGMT has been closely correlated with SMMD. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if MGMT jumps, then SMMD could also see price increases.
| Ticker / NAME | Correlation To MGMT | 1D Price Change % | ||
|---|---|---|---|---|
| MGMT | 100% | -0.71% | ||
| SMMD - MGMT | 92% Closely correlated | -1.10% | ||
| IJR - MGMT | 86% Closely correlated | -2.32% | ||
| SPSM - MGMT | 86% Closely correlated | -1.42% | ||
| SCHA - MGMT | 86% Closely correlated | -1.17% | ||
| IWM - MGMT | 85% Closely correlated | -1.14% | ||
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