Momentum Indicator for UMDD turns negative, indicating new downward trend
UMDD saw its Momentum Indicator move below the 0 level on September 07, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned negative. In of the 83 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for UMDD turned negative on September 07, 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
UMDD 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.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UMDD 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 UMDD entered a downward trend on September 15, 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.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for UMDD's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 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 UMDD advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .
UMDD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call 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 Trading
UMDD and
Correlation & Price change
A.I.dvisor tells us that UMDD and SPXL have been poorly correlated (+10% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that UMDD and SPXL's prices will move in lockstep.
| Ticker / NAME | Correlation To UMDD | 1D Price Change % | ||
|---|---|---|---|---|
| UMDD | 100% | -4.51% | ||
| SPXL - UMDD | 10% Poorly correlated | -4.45% | ||
| SSO - UMDD | 10% Poorly correlated | -2.95% | ||
| SOXL - UMDD | 9% Poorly correlated | -5.38% | ||
| TQQQ - UMDD | 5% Poorly correlated | -4.46% | ||
| QLD - UMDD | 5% Poorly correlated | -3.04% |