Momentum Indicator for PROP turns negative, indicating new downward trend
PROP saw its Momentum Indicator move below the 0 level on January 02, 2025. 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 133 similar instances where the indicator turned negative. In of the 133 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PROP 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 PROP entered a downward trend on January 08, 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.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 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 PROP advanced for three days, in of 165 cases, the price rose further within the following month. The odds of a continued upward trend are .
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| FIVPX | 10.32 | 0.06 | +0.58% |
| Fidelity Advisor International Value M | |||
| ENHNX | 10.57 | 0.06 | +0.57% |
| Cullen Enhanced Equity Income I | |||
| GHAAX | 38.49 | 0.19 | +0.50% |
| VanEck Global Resources Fund A | |||
| BSTSX | 68.50 | N/A | N/A |
| BlackRock Technology Opportunities Svc | |||
| BSMDX | 14.24 | N/A | N/A |
| BlackRock SMID-Cap Growth Equity Instl | |||
PROP and Stocks
Correlation & Price change
A.I.dvisor tells us that PROP and IREN have been poorly correlated (+21% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that PROP and IREN's prices will move in lockstep.
| Ticker / NAME | Correlation To PROP | 1D Price Change % | ||
|---|---|---|---|---|
| PROP | 100% | -2.47% | ||
| IREN - PROP | 21% Poorly correlated | +4.72% | ||
| HUT - PROP | 21% Poorly correlated | +1.24% | ||
| SDIG - PROP | 14% Poorly correlated | +1.26% | ||
| BTM - PROP | 14% Poorly correlated | +9.15% | ||
| COIN - PROP | 13% Poorly correlated | +4.92% | ||
More | ||||
Groups containing PROP
Correlation & Price change
| Ticker / NAME | Correlation To PROP | 1D Price Change % |
|---|---|---|
| PROP | 100% | -2.47% |
| Energy Minerals category (413 stocks) | 20% Poorly correlated | +0.31% |