PSQ in upward trend: price may ascend as a result of having broken its lower Bollinger Band on December 04, 2024
PSQ 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 45 cases where PSQ'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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PSQ's RSI Indicator exited the oversold zone, of 50 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on December 18, 2024. You may want to consider a long position or call options on PSQ as a result. In of 75 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 PSQ just turned positive on December 19, 2024. Looking at past instances where PSQ's MACD turned positive, the stock continued to rise in of 48 cases 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 PSQ advanced for three days, in of 229 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PSQ 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 PSQ entered a downward trend on December 20, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Trading
PSQ and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PSQ has been closely correlated with QID. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if PSQ jumps, then QID could also see price increases.
| Ticker / NAME | Correlation To PSQ | 1D Price Change % | ||
|---|---|---|---|---|
| PSQ | 100% | -0.87% | ||
| QID - PSQ | 99% Closely correlated | -1.73% | ||
| SQQQ - PSQ | 99% Closely correlated | -2.54% | ||
| BERZ - PSQ | 96% Closely correlated | -2.39% | ||
| TECS - PSQ | 96% Closely correlated | -4.26% | ||
| REW - PSQ | 95% Closely correlated | -2.88% | ||
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