TRFM Stock AAM Transformers ETF (TRFM, $35.05) RSI Indicator left the overbought zone on October 07, 2024
TRFM's Stochastic Oscillator sits in overbought zone for 2 days
Expect a price pull-back in the near future.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for TRFM moved out of overbought territory on October 07, 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 24 similar instances where the indicator moved out of overbought territory. In of the 24 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
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 .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 17, 2024. You may want to consider a long position or call options on TRFM as a result. In of 29 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 TRFM just turned positive on September 13, 2024. Looking at past instances where TRFM's MACD turned positive, the stock continued to rise in of 20 cases over the following month. The odds of a continued upward trend are .
TRFM moved above its 50-day moving average on September 13, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for TRFM crossed bullishly above the 50-day moving average on September 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 6 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 TRFM advanced for three days, in of 146 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.
The Aroon Indicator entered an Uptrend today. In of 116 cases where TRFM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 1.00% within the next month with a likelihood of 86%.
General Information
Category Technology