TRFM's RSI Indicator is staying in oversold zone for 1 day
It is expected that a price bounce should occur soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TRFM advanced for three days, in of 78 cases, the price rose further within the following month. The odds of a continued upward trend are .
TRFM 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 Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TRFM as a result. In of 18 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 TRFM turned negative on September 15, 2023. 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 9 similar instances when the indicator turned negative. In of the 9 cases the stock turned lower in the days that followed. This puts the odds of success at .
TRFM moved below its 50-day moving average on September 07, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TRFM 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 TRFM entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Technology
TRFM and
Correlation & Price change
A.I.dvisor indicates that over the last year, TRFM has been closely correlated with VGT. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if TRFM jumps, then VGT could also see price increases.
| Ticker / NAME | Correlation To TRFM | 1D Price Change % | ||
|---|---|---|---|---|
| TRFM | 100% | +0.26% | ||
| VGT - TRFM | 91% Closely correlated | +0.28% | ||
| IYW - TRFM | 91% Closely correlated | +0.21% | ||
| XLK - TRFM | 88% Closely correlated | +0.21% | ||
| SOXX - TRFM | 86% Closely correlated | +0.83% | ||
| SMH - TRFM | 85% Closely correlated | +0.85% |