RITA's Indicator enters downward trend
The Aroon Indicator for RITA entered a downward trend on December 17, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 124 similar instances where the Aroon Indicator formed such a pattern. In of the 124 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on RITA as a result. In of 41 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 RITA turned negative on December 10, 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 23 similar instances when the indicator turned negative. In of the 23 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 RITA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 5 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 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.
RITA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category RealEstate
RITA and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RITA has been closely correlated with REET. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if RITA jumps, then REET could also see price increases.
| Ticker / NAME | Correlation To RITA | 1D Price Change % | ||
|---|---|---|---|---|
| RITA | 100% | -0.59% | ||
| REET - RITA | 97% Closely correlated | -0.11% | ||
| RWO - RITA | 97% Closely correlated | -0.31% | ||
| USRT - RITA | 96% Closely correlated | -1.10% | ||
| VNQ - RITA | 95% Closely correlated | -0.48% | ||
| SCHH - RITA | 95% Closely correlated | -0.32% | ||
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