OWLT in upward trend: price expected to rise as it breaks its lower Bollinger Band on January 16, 2025
OWLT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 34 cases where OWLT's price broke its lower Bollinger Band, its price rose further in 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 January 28, 2025. You may want to consider a long position or call options on OWLT as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for OWLT just turned positive on January 23, 2025. Looking at past instances where OWLT's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .
OWLT moved above its 50-day moving average on February 04, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OWLT advanced for three days, in of 207 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 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 OWLT 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 OWLT entered a downward trend on January 17, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
OWLT and Stocks
Correlation & Price change
A.I.dvisor tells us that OWLT and XYZ have been poorly correlated (+28% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that OWLT and XYZ's prices will move in lockstep.
| Ticker / NAME | Correlation To OWLT | 1D Price Change % | ||
|---|---|---|---|---|
| OWLT | 100% | +1.52% | ||
| XYZ - OWLT | 28% Poorly correlated | -4.47% | ||
| INGN - OWLT | 27% Poorly correlated | +4.27% | ||
| SSNC - OWLT | 26% Poorly correlated | -0.31% | ||
| IRTC - OWLT | 25% Poorly correlated | +1.81% | ||
| TCMD - OWLT | 25% Poorly correlated | +1.15% | ||
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Groups containing OWLT
Correlation & Price change
| Ticker / NAME | Correlation To OWLT | 1D Price Change % |
|---|---|---|
| OWLT | 100% | +1.52% |
| Medical Specialties category (437 stocks) | 17% Poorly correlated | +0.54% |