SPXU's RSI Indicator climbs out of oversold territory
The RSI Indicator for SPXU moved out of oversold territory on December 09, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 46 similar instances when the indicator left oversold territory. In of the 46 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 66 cases where SPXU's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on December 17, 2024. You may want to consider a long position or call options on SPXU 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 SPXU just turned positive on December 10, 2024. Looking at past instances where SPXU's MACD turned positive, the stock continued to rise in of 50 cases 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 SPXU advanced for three days, in of 242 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPXU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SPXU entered a downward trend on December 11, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Trading
SPXU and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SPXU has been closely correlated with SPXS. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPXU jumps, then SPXS could also see price increases.
| Ticker / NAME | Correlation To SPXU | 1D Price Change % | ||
|---|---|---|---|---|
| SPXU | 100% | +1.38% | ||
| SPXS - SPXU | 100% Closely correlated | +1.22% | ||
| QID - SPXU | 100% Closely correlated | +0.90% | ||
| SPDN - SPXU | 100% Closely correlated | +0.46% | ||
| PSQ - SPXU | 99% Closely correlated | +0.44% | ||
| SQQQ - SPXU | 94% Closely correlated | +1.34% | ||
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