SHOC in upward trend: price rose above 50-day moving average on November 10, 2023
SHOC moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend. In of 4 similar past instances, the stock price increased further within 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 November 03, 2023. You may want to consider a long position or call options on SHOC as a result. In of 16 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 SHOC just turned positive on November 03, 2023. Looking at past instances where SHOC's MACD turned positive, the stock continued to rise in of 8 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for SHOC crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 2 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 SHOC advanced for three days, in of 66 cases, the price rose further within the following month. The odds of a continued upward trend are .
SHOC 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 10-day RSI Indicator for SHOC moved out of overbought territory on November 21, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 8 similar instances where the indicator moved out of overbought territory. In of the 8 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 17 cases where SHOC's Stochastic Oscillator exited the overbought zone, the price fell further within 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 SHOC 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 SHOC entered a downward trend on November 09, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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 Technology
SHOC and
Correlation & Price change
A.I.dvisor indicates that over the last year, SHOC has been closely correlated with SOXX. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if SHOC jumps, then SOXX could also see price increases.
| Ticker / NAME | Correlation To SHOC | 1D Price Change % | ||
|---|---|---|---|---|
| SHOC | 100% | -0.51% | ||
| SOXX - SHOC | 89% Closely correlated | -0.58% | ||
| SMH - SHOC | 88% Closely correlated | -0.58% | ||
| VGT - SHOC | 80% Closely correlated | +0.18% | ||
| XLK - SHOC | 80% Closely correlated | +0.19% | ||
| IYW - SHOC | 78% Closely correlated | +0.28% |