UGL's RSI Indicator slumps into oversold zone
The RSI Oscillator for UGL moved into overbought territory on September 27, 2023. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UGL advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .
UGL 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 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on UGL as a result. In of 97 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 UGL turned negative on September 26, 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 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
UGL moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.
The 50-day moving average for UGL moved below the 200-day moving average on August 23, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UGL 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 UGL entered a downward trend on August 28, 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)
Industry description
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| WENCX | 30.37 | 0.20 | +0.66% |
| Allspring Discovery Mid Cap Growth C | |||
| OILGX | 19.58 | 0.05 | +0.26% |
| Optimum Large Cap Growth Instl | |||
| FIGRX | 40.54 | -0.13 | -0.32% |
| Fidelity® International Discovery | |||
| TLVOX | 12.23 | -0.06 | -0.49% |
| Thrivent Low Volatility Equity S | |||
| ESMYX | 13.84 | -0.07 | -0.50% |
| Invesco EQV Euro Small Company Y | |||
UGL and
Correlation & Price change
A.I.dvisor indicates that over the last year, UGL has been closely correlated with GDXU. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if UGL jumps, then GDXU could also see price increases.
| Ticker / NAME | Correlation To UGL | 1D Price Change % | ||
|---|---|---|---|---|
| UGL | 100% | -2.49% | ||
| GDXU - UGL | 84% Closely correlated | -8.24% | ||
| AGQ - UGL | 80% Closely correlated | -2.63% | ||
| UCO - UGL | 12% Poorly correlated | +2.69% | ||
| DGP - UGL | 8% Poorly correlated | -2.09% | ||
| BOIL - UGL | -1% Poorly correlated | +2.58% |