SHNY's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for SHNY turned positive on January 02, 2025. Looking at past instances where SHNY's MACD turned positive, the stock continued to rise in of 18 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 02, 2025. You may want to consider a long position or call options on SHNY as a result. In of 36 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 SHNY advanced for three days, in of 116 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SHNY 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 SHNY entered a downward trend on December 31, 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
SHNY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SHNY has been closely correlated with DGP. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if SHNY jumps, then DGP could also see price increases.
| Ticker / NAME | Correlation To SHNY | 1D Price Change % | ||
|---|---|---|---|---|
| SHNY | 100% | -1.87% | ||
| DGP - SHNY | 98% Closely correlated | -0.18% | ||
| GDXU - SHNY | 82% Closely correlated | +1.29% | ||
| UGL - SHNY | 53% Loosely correlated | -0.52% | ||
| AGQ - SHNY | 43% Loosely correlated | -3.53% | ||
| UCO - SHNY | 4% Poorly correlated | -0.62% | ||
More | ||||