SHNY's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for SHNY turned positive on November 29, 2024. Looking at past instances where SHNY's MACD turned positive, the stock continued to rise in of 16 cases 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 SHNY's RSI Oscillator exited the oversold zone, of 6 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SHNY advanced for three days, in of 109 cases, the price rose further within the following month. The odds of a continued upward trend are .
SHNY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SHNY as a result. In of 34 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
SHNY moved below its 50-day moving average on December 12, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SHNY crossed bearishly below the 50-day moving average on November 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 4 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 .
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| EVMT | 15.16 | -0.05 | -0.33% |
| Invesco Elctc vhcl Mtls Cmd StgyNoK-1ETF | |||
| PMAR | 39.87 | -0.44 | -1.09% |
| Innovator U.S. Equity Power BffrETF™-Mar | |||
| SXQG | 31.85 | -0.96 | -2.93% |
| ETC 6 Meridian Quality Growth ETF | |||
| URA | 27.80 | -0.91 | -3.17% |
| Global X Uranium ETF | |||
| MGMT | 41.44 | -1.65 | -3.82% |
| Ballast Small/Mid Cap ETF | |||
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% | -1.10% | ||
| DGP - SHNY | 98% Closely correlated | -1.19% | ||
| GDXU - SHNY | 82% Closely correlated | -1.78% | ||
| UGL - SHNY | 53% Loosely correlated | -0.71% | ||
| AGQ - SHNY | 43% Loosely correlated | -0.42% | ||
| UCO - SHNY | 4% Poorly correlated | -1.24% | ||
More | ||||