SMDD's RSI Indicator leaves overbought zone
The 10-day RSI Oscillator for SMDD moved out of overbought territory on December 31, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 28 instances where the indicator moved out of the overbought zone. In of the 28 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where SMDD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on January 03, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on SMDD as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 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 .
Bullish Trend Analysis
The 10-day moving average for SMDD crossed bullishly above the 50-day moving average on December 23, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 SMDD advanced for three days, in of 280 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 102 cases where SMDD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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 78% 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% | -1.23% | ||
| SPXU - SMDD | 78% Closely correlated | -2.78% | ||
| CARD - SMDD | 75% Closely correlated | -0.20% | ||
| JETD - SMDD | 73% Closely correlated | -0.57% | ||
| SQQQ - SMDD | 63% Loosely correlated | -4.89% | ||
| SOXS - SMDD | 59% Loosely correlated | -8.03% | ||
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