SSUMY Stock Sumitomo (SSUMY, $21.43) Moving Average Convergence Divergence (MACD) Histogram turned positive on January 24, 2025
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SSUMY's RSI Oscillator climbs out of oversold territory
The RSI Oscillator for SSUMY moved out of oversold territory on January 14, 2025. 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 19 similar instances when the indicator left oversold territory. In of the 19 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 24, 2025. You may want to consider a long position or call options on SSUMY as a result. In of 101 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 SSUMY just turned positive on January 24, 2025. Looking at past instances where SSUMY'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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SSUMY advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .
SSUMY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where SSUMY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
SSUMY moved below its 50-day moving average on January 29, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SSUMY crossed bearishly below the 50-day moving average on January 14, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 SSUMY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
