SPDN saw its Stochastic Oscillator leaves the overbought zone
The Stochastic Oscillator for SPDN moved out of overbought territory on January 06, 2025. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 49 similar instances where the indicator exited the overbought zone. In of the 49 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPDN 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 Momentum Indicator moved above the 0 level on January 07, 2025. You may want to consider a long position or call options on SPDN as a result. In of 69 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
SPDN moved above its 50-day moving average on December 27, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SPDN crossed bullishly above the 50-day moving average on December 31, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 SPDN advanced for three days, in of 247 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 114 cases where SPDN 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
SPDN and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SPDN has been closely correlated with SPXS. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPDN jumps, then SPXS could also see price increases.
| Ticker / NAME | Correlation To SPDN | 1D Price Change % | ||
|---|---|---|---|---|
| SPDN | 100% | -0.47% | ||
| SPXS - SPDN | 99% Closely correlated | -1.56% | ||
| SDS - SPDN | 98% Closely correlated | -1.02% | ||
| SH - SPDN | 97% Closely correlated | -0.56% | ||
| SQQQ - SPDN | 93% Closely correlated | -3.80% | ||
| TZA - SPDN | 71% Closely correlated | +2.08% | ||
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