REW in upward trend: price may jump up because it broke its lower Bollinger Band on December 04, 2024
REW 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 41 cases where REW'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 Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where REW advanced for three days, in of 253 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 02, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on REW as a result. In of 71 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for REW turned negative on December 03, 2024. 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 .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where REW 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 REW entered a downward trend on December 17, 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
REW and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, REW has been closely correlated with SPXU. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if REW jumps, then SPXU could also see price increases.
| Ticker / NAME | Correlation To REW | 1D Price Change % | ||
|---|---|---|---|---|
| REW | 100% | +1.07% | ||
| SPXU - REW | 94% Closely correlated | +1.38% | ||
| PSQ - REW | 91% Closely correlated | +0.44% | ||
| NVDD - REW | 78% Closely correlated | +1.35% | ||
| SQQQ - REW | 51% Loosely correlated | +1.34% | ||
| SH - REW | 49% Loosely correlated | +0.46% | ||
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