SOCL sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for SOCL moved above the 200-day moving average on November 29, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on SOCL as a result. In of 81 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 SOCL just turned positive on November 02, 2023. Looking at past instances where SOCL's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
SOCL moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SOCL crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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 SOCL advanced for three days, in of 324 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 347 cases where SOCL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for SOCL moved out of overbought territory on November 24, 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 43 similar instances where the indicator moved out of overbought territory. In of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 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 SOCL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SOCL broke above its upper Bollinger Band on November 03, 2023. 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.
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
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SOCL and
Correlation & Price change
A.I.dvisor indicates that over the last year, SOCL has been closely correlated with ESPO. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if SOCL jumps, then ESPO could also see price increases.
| Ticker / NAME | Correlation To SOCL | 1D Price Change % | ||
|---|---|---|---|---|
| SOCL | 100% | +0.84% | ||
| ESPO - SOCL | 84% Closely correlated | -0.58% | ||
| IXP - SOCL | 83% Closely correlated | -0.48% | ||
| FCOM - SOCL | 79% Closely correlated | -0.73% | ||
| VOX - SOCL | 79% Closely correlated | -0.58% | ||
| XLC - SOCL | 76% Closely correlated | -0.63% | ||
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