SUPP in upward trend: price may ascend as a result of having broken its lower Bollinger Band on December 12, 2024
SUPP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 9 cases where SUPP's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Aroon Indicator entered an Uptrend today. In of 117 cases where SUPP 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 SUPP moved out of overbought territory on December 05, 2024. 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 16 similar instances where the indicator moved out of overbought territory. In of the 16 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on December 11, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SUPP as a result. In of 25 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SUPP turned negative on December 10, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 15 similar instances when the indicator turned negative. In of the 15 cases the stock turned lower in the days that followed. This puts the odds of success at .
SUPP moved below its 50-day moving average on December 12, 2024 date and that indicates a change from an upward trend to a downward trend.
General Information
Category LargeBlend
SUPP and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SUPP has been closely correlated with DFAU. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if SUPP jumps, then DFAU could also see price increases.
| Ticker / NAME | Correlation To SUPP | 1D Price Change % | ||
|---|---|---|---|---|
| SUPP | 100% | N/A | ||
| DFAU - SUPP | 89% Closely correlated | -0.56% | ||
| VTI - SUPP | 87% Closely correlated | -0.49% | ||
| JUST - SUPP | 86% Closely correlated | -0.58% | ||
| BKLC - SUPP | 86% Closely correlated | -0.40% | ||
| SPY - SUPP | 85% Closely correlated | -0.41% | ||
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