Momentum Indicator for OCIO turns negative, indicating new downward trend
OCIO saw its Momentum Indicator move below the 0 level on September 13, 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 70 similar instances where the indicator turned negative. In of the 70 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 OCIO turned negative on September 19, 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
OCIO moved below its 50-day moving average on September 15, 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 OCIO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for OCIO entered a downward trend on October 03, 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 Indicator demonstrates 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.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 14 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 OCIO advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .
OCIO 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 % |
| OIGCX | 31.00 | -0.35 | -1.12% |
| Invesco Oppenheimer International Gr C | |||
| AEYGX | 23.94 | -0.33 | -1.36% |
| American Century Equity Growth R5 | |||
| FOVIX | 27.12 | -0.40 | -1.45% |
| First Trust/Confluence Small Cap Val I | |||
| GCEQX | 66.31 | -1.05 | -1.56% |
| Green Century Equity Individual Investor | |||
| HDSIX | 20.09 | -0.35 | -1.71% |
| Hodges Small Cap Institutional | |||
OCIO and
Correlation & Price change
A.I.dvisor tells us that OCIO and PDT have been poorly correlated (+10% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that OCIO and PDT's prices will move in lockstep.
| Ticker / NAME | Correlation To OCIO | 1D Price Change % | ||
|---|---|---|---|---|
| OCIO | 100% | -0.82% | ||
| PDT - OCIO | 10% Poorly correlated | -3.22% | ||
| HTD - OCIO | 10% Poorly correlated | -0.53% | ||
| ZTR - OCIO | 9% Poorly correlated | -1.28% | ||
| AOR - OCIO | 5% Poorly correlated | -1.14% | ||
| SOR - OCIO | 3% Poorly correlated | -0.92% | ||
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