NVDU in downward trend: price dove below 50-day moving average on December 09, 2024
NVDU moved below its 50-day moving average on December 09, 2024 date and that indicates a change from an upward trend to a downward trend. In of 11 similar past instances, the stock price decreased 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 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NVDU as a result. In of 15 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 Moving Average Convergence Divergence Histogram (MACD) for NVDU turned negative on November 15, 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 7 similar instances when the indicator turned negative. In of the 7 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for NVDU crossed bearishly below the 50-day moving average on December 09, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 3 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NVDU 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 shows that the ticker has stayed in the oversold zone for 3 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 NVDU advanced for three days, in of 92 cases, the price rose further within the following month. The odds of a continued upward trend are .
NVDU 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 78 cases where NVDU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| DFSE | 33.86 | -0.05 | -0.15% |
| Dimensional Emerging Mrkts Sstby Cr 1ETF | |||
| VYM | 130.85 | -0.98 | -0.74% |
| Vanguard High Dividend Yield ETF | |||
| JMOM | 60.60 | -0.62 | -1.01% |
| JPMorgan US Momentum Factor ETF | |||
| DSMC | 36.24 | -0.39 | -1.06% |
| Distillate Small/Mid Cash Flow ETF | |||
| DVLU | 29.89 | -0.54 | -1.77% |
| First Trust Dorsey Wright Momt & Val ETF | |||
NVDU and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, NVDU has been closely correlated with NVDL. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if NVDU jumps, then NVDL could also see price increases.
| Ticker / NAME | Correlation To NVDU | 1D Price Change % | ||
|---|---|---|---|---|
| NVDU | 100% | -2.65% | ||
| NVDL - NVDU | 99% Closely correlated | -2.53% | ||
| SOXL - NVDU | 75% Closely correlated | -4.24% | ||
| QLD - NVDU | 75% Closely correlated | -0.89% | ||
| TQQQ - NVDU | 75% Closely correlated | -1.34% | ||
| FNGU - NVDU | 74% Closely correlated | -3.77% | ||
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