Momentum Indicator for MGMT turns negative, indicating new downward trend
MGMT saw its Momentum Indicator move below the 0 level on September 12, 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 48 similar instances where the indicator turned negative. In of the 48 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 MGMT turned negative on September 20, 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 25 similar instances when the indicator turned negative. In of the 25 cases the stock turned lower in the days that followed. This puts the odds of success at .
MGMT moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.
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 .
MGMT broke above its upper Bollinger Band on September 01, 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.
The Aroon Indicator for MGMT entered a downward trend on September 26, 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where MGMT's RSI Oscillator exited the oversold zone, of 13 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 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 MGMT advanced for three days, in of 181 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
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 SmallBlend
MGMT and
Correlation & Price change
A.I.dvisor tells us that MGMT and IWM have been poorly correlated (+9% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that MGMT and IWM's prices will move in lockstep.
| Ticker / NAME | Correlation To MGMT | 1D Price Change % | ||
|---|---|---|---|---|
| MGMT | 100% | -0.93% | ||
| IWM - MGMT | 9% Poorly correlated | -1.29% | ||
| SCHA - MGMT | 8% Poorly correlated | -1.33% | ||
| VB - MGMT | 8% Poorly correlated | -1.48% | ||
| IJR - MGMT | 7% Poorly correlated | -1.45% | ||
| SPSM - MGMT | 7% Poorly correlated | -1.46% | ||
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