MVT's Indicator enters downward trend
The Aroon Indicator for MVT entered a downward trend on September 20, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 201 similar instances where the Aroon Indicator formed such a pattern. In of the 201 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 50-day moving average for MVT moved below the 200-day moving average on August 29, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MVT 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where MVT's RSI Oscillator exited the oversold zone, of 35 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 9 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.
The Moving Average Convergence Divergence (MACD) for MVT just turned positive on September 20, 2023. Looking at past instances where MVT's MACD turned positive, the stock continued to rise in of 43 cases 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 MVT advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
MVT 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
General Information
Category Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
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| MainStay Epoch International Choice C | |||
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| North Star Small Cap Value Investor | |||
| LDFVX | 12.34 | -0.19 | -1.52% |
| Lord Abbett Fundamental Equity A | |||
| ERSMX | 28.12 | -0.53 | -1.85% |
| Eaton Vance Atlanta Capital SMID-Cap R | |||
| AREDX | 22.11 | -0.72 | -3.15% |
| American Century Real Estate R6 | |||
MVT and
Correlation & Price change
A.I.dvisor indicates that over the last year, MVT has been loosely correlated with NAD. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if MVT jumps, then NAD could also see price increases.