SMN Stock ProShares UltraShort Materials (SMN, $14.23) RSI Indicator left the overbought zone on November 18, 2024
at Tickeron.com
SMN's RSI Indicator peaks and leaves overbought zone
The 10-day RSI Indicator for SMN moved out of overbought territory on November 18, 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 31 instances where the indicator moved out of the overbought zone. In of the 31 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 47 cases where SMN'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 SMN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SMN broke above its upper Bollinger Band on November 15, 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 11, 2024. You may want to consider a long position or call options on SMN as a result. In of 73 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 SMN just turned positive on October 21, 2024. Looking at past instances where SMN's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
SMN moved above its 50-day moving average on November 08, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SMN crossed bullishly above the 50-day moving average on November 05, 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 SMN advanced for three days, in of 272 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 123 cases where SMN 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