NBDS's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for NBDS turned positive on November 02, 2023. Looking at past instances where NBDS's MACD turned positive, the stock continued to rise in of 12 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 03, 2023. You may want to consider a long position or call options on NBDS as a result. In of 29 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
NBDS moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for NBDS crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 NBDS advanced for three days, in of 93 cases, the price rose further within the following month. The odds of a continued upward trend are .
NBDS 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 84 cases where NBDS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 16 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NBDS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Technology
NBDS and
Correlation & Price change
A.I.dvisor indicates that over the last year, NBDS has been closely correlated with IYW. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if NBDS jumps, then IYW could also see price increases.
| Ticker / NAME | Correlation To NBDS | 1D Price Change % | ||
|---|---|---|---|---|
| NBDS | 100% | -0.38% | ||
| IYW - NBDS | 93% Closely correlated | +0.28% | ||
| VGT - NBDS | 93% Closely correlated | +0.18% | ||
| XLK - NBDS | 90% Closely correlated | +0.19% | ||
| SOXX - NBDS | 86% Closely correlated | -0.58% | ||
| SMH - NBDS | 86% Closely correlated | -0.58% |