RITA in upward trend: 10-day moving average crossed above 50-day moving average on November 21, 2023
The 10-day moving average for RITA crossed bullishly above the 50-day moving average on November 21, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 7 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over 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 RITA's RSI Oscillator exited the oversold zone, of 16 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 November 02, 2023. You may want to consider a long position or call options on RITA as a result. In of 22 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 RITA just turned positive on November 02, 2023. Looking at past instances where RITA's MACD turned positive, the stock continued to rise in of 12 cases over the following month. The odds of a continued upward trend are .
RITA moved above its 50-day moving average on November 14, 2023 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 RITA advanced for three days, in of 112 cases, the price rose further within the following month. The odds of a continued upward trend are .
RITA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 92 cases where RITA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 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 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 .
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category RealEstate
RITA and
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% | +0.05% | ||
| REET - RITA | 97% Closely correlated | +0.23% | ||
| RWO - RITA | 97% Closely correlated | +0.08% | ||
| USRT - RITA | 97% Closely correlated | +0.16% | ||
| IYR - RITA | 96% Closely correlated | +0.36% | ||
| VNQ - RITA | 96% Closely correlated | +0.36% | ||
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