RSHO in downward trend: price dove below 50-day moving average on December 17, 2024
RSHO moved below its 50-day moving average on December 17, 2024 date and that indicates a change from an upward trend to a downward trend. In of 10 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on RSHO as a result. In of 25 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 RSHO turned negative on December 05, 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 10 similar instances when the indicator turned negative. In of the 10 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 RSHO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
RSHO broke above its upper Bollinger Band on November 25, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for RSHO's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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 RSHO advanced for three days, in of 108 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 100 cases where RSHO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Industrials
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| IG | 20.76 | -0.01 | -0.05% |
| Principal Investment Grd Corp Actv ETF | |||
| SPDW | 35.41 | -0.12 | -0.34% |
| SPDR® Portfolio Developed Wld ex-US ETF | |||
| MFDX | 30.34 | -0.11 | -0.35% |
| PIMCO RAFI Dyn Multi-Factor Intl Eq ETF | |||
| AVMA | 60.10 | -0.28 | -0.46% |
| Avantis Moderate Allocation ETF | |||
| GLOV | 50.75 | -0.26 | -0.51% |
| Goldman Sachs ActBt Wld Lw Vl Ps Eq ETF | |||
RSHO and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RSHO has been closely correlated with VIS. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if RSHO jumps, then VIS could also see price increases.
| Ticker / NAME | Correlation To RSHO | 1D Price Change % | ||
|---|---|---|---|---|
| RSHO | 100% | -1.17% | ||
| VIS - RSHO | 93% Closely correlated | -1.12% | ||
| AIRR - RSHO | 92% Closely correlated | -1.86% | ||
| XLI - RSHO | 91% Closely correlated | -0.92% | ||
| MDY - RSHO | 91% Closely correlated | -1.17% | ||
| IJH - RSHO | 91% Closely correlated | -1.62% | ||
More | ||||