OOTO Price Prediction, Direxion Daily Travel & Vctn Bll 2X ETF AI Recommendations
Momentum Indicator for OOTO turns positive, indicating new upward trend
OOTO saw its Momentum Indicator move above the 0 level on July 15, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 15 similar instances where the indicator turned positive. In 14 of the 15 cases, the stock moved higher in the following days. The odds of a move higher are at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
OOTO moved above its 50-day moving average on July 27, 2022 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for OOTO crossed bullishly above the 50-day moving average on August 02, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 5 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 OOTO advanced for three days, in of 44 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 13 cases where OOTO 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 13 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 OOTO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
OOTO broke above its upper Bollinger Band on July 19, 2022. 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.
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
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| Technical Analysis | # Of Indicators | Avg. Odds |
|---|---|---|
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OOTO and
Correlation & Price change
A.I.dvisor indicates that over the last year, OOTO has been closely correlated with SPXL. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if OOTO jumps, then SPXL could also see price increases.
| Ticker / NAME | Correlation To OOTO | 1D Price Change % |
|---|---|---|
| OOTO | 100% | -1.32% |
| SPXL - OOTO | 72% Closely correlated | -0.61% |
| SSO - OOTO | 72% Closely correlated | -0.43% |
| TQQQ - OOTO | 70% Closely correlated | -2.38% |
| QLD - OOTO | 70% Closely correlated | -1.58% |
| SOXL - OOTO | 67% Closely correlated | -2.31% |