Momentum Indicator for SPGP turns positive, indicating new upward trend
SPGP saw its Momentum Indicator move above the 0 level on November 03, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 71 similar instances where the indicator turned positive. In of the 71 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for SPGP just turned positive on November 03, 2023. Looking at past instances where SPGP'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 .
SPGP moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SPGP crossed bullishly above the 50-day moving average on November 16, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 10 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 SPGP advanced for three days, in of 371 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPGP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeBlend
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| MPRO | 26.02 | 0.22 | +0.86% |
| Monarch ProCap ETF | |||
| BDCZ | 18.32 | 0.08 | +0.43% |
| UBS ETRACS Wells Fargo® Busn Dev Co ETN | |||
| DSL | 11.98 | 0.03 | +0.25% |
| DOUBLELINE Income SOLUTIONS FUND | |||
| DBJP | 62.68 | -0.01 | -0.01% |
| Xtrackers MSCI Japan Hedged Equity ETF | |||
| PST | 23.51 | -0.44 | -1.84% |
| ProShares UltraShort 7-10 Year Treasury | |||
SPGP and
Correlation & Price change
A.I.dvisor indicates that over the last year, SPGP has been closely correlated with VTI. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPGP jumps, then VTI could also see price increases.
| Ticker / NAME | Correlation To SPGP | 1D Price Change % | ||
|---|---|---|---|---|
| SPGP | 100% | +0.97% | ||
| VTI - SPGP | 93% Closely correlated | +0.84% | ||
| IVV - SPGP | 91% Closely correlated | +0.59% | ||
| SPY - SPGP | 91% Closely correlated | +0.59% | ||
| VOO - SPGP | 91% Closely correlated | +0.59% | ||
| VIG - SPGP | 89% Closely correlated | +0.75% |