SMDD's RSI Indicator ascends from oversold territory
The RSI Indicator for SMDD moved out of oversold territory on November 27, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 41 similar instances when the indicator left oversold territory. In of the 41 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 09, 2024. You may want to consider a long position or call options on SMDD as a result. In of 88 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 SMDD just turned positive on December 05, 2024. Looking at past instances where SMDD's MACD turned positive, the stock continued to rise in of 45 cases 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 SMDD advanced for three days, in of 279 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SMDD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SMDD broke above its upper Bollinger Band on December 17, 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.
The Aroon Indicator for SMDD entered a downward trend on December 05, 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
SMDD and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SMDD has been closely correlated with SPXU. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if SMDD jumps, then SPXU could also see price increases.
| Ticker / NAME | Correlation To SMDD | 1D Price Change % | ||
|---|---|---|---|---|
| SMDD | 100% | +3.42% | ||
| SPXU - SMDD | 77% Closely correlated | +1.38% | ||
| CARD - SMDD | 75% Closely correlated | +1.02% | ||
| JETD - SMDD | 73% Closely correlated | +0.90% | ||
| SQQQ - SMDD | 60% Loosely correlated | +1.34% | ||
| SOXS - SMDD | 59% Loosely correlated | +4.20% | ||
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