Momentum Indicator for UFO turns positive, indicating new upward trend
UFO saw its Momentum Indicator move above the 0 level on December 24, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 96 similar instances where the indicator turned positive. In of the 96 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UFO advanced for three days, in of 297 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where UFO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for UFO turned negative on January 08, 2025. 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 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UFO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
UFO broke above its upper Bollinger Band on December 26, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
General Information
Category Industrials
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| TWCIX | 125.76 | 1.41 | +1.13% |
| American Century Select Inv | |||
| ASYLX | 15.29 | 0.05 | +0.33% |
| AB Select US Long/Short Advisor | |||
| GMVCX | 16.53 | N/A | N/A |
| Goldman Sachs Small/Mid Cap Value C | |||
| SHPCX | 13.19 | -0.07 | -0.53% |
| Saratoga Health & Biotechnology C | |||
| HGASX | 27.50 | -0.70 | -2.48% |
| Hennessy Gas Utility Institutional | |||
UFO and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, UFO has been closely correlated with IYJ. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if UFO jumps, then IYJ could also see price increases.