SATO Invesco Alerian Galaxy Crypto Eco ETF Forecast, Technical & Fundamental Analysis
SATO's RSI Indicator penetrates overbought territory
The RSI Indicator for SATO moved into overbought territory on December 01, 2023. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Technical Analysis (Indicators)
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.
SATO broke above its upper Bollinger Band on December 01, 2023. 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 Momentum Indicator moved above the 0 level on November 20, 2023. You may want to consider a long position or call options on SATO as a result. In of 27 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
SATO moved above its 50-day moving average on November 01, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SATO crossed bullishly above the 50-day moving average on November 02, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SATO advanced for three days, in of 117 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 58 cases where SATO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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High and low price notable news
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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 Unknown
SATO and
Correlation & Price change
A.I.dvisor tells us that SATO and BITO have been poorly correlated (+15% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SATO and BITO's prices will move in lockstep.
| Ticker / NAME | Correlation To SATO | 1D Price Change % | ||
|---|---|---|---|---|
| SATO | 100% | +10.76% | ||
| BITO - SATO | 15% Poorly correlated | +2.81% | ||
| BKCH - SATO | 9% Poorly correlated | +10.57% | ||
| BLOK - SATO | 9% Poorly correlated | +5.99% | ||
| BITQ - SATO | 8% Poorly correlated | +8.47% | ||
| BLCN - SATO | 7% Poorly correlated | +2.54% | ||
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