UMI in downward trend: price may drop because broke its higher Bollinger Band on September 01, 2023
UMI broke above its upper Bollinger Band on September 01, 2023. 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. The A.I.dvisor looked at 19 similar instances where the stock broke above the upper band. In of the 19 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 29 cases where UMI'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 UMI turned negative on September 22, 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 25 similar instances when the indicator turned negative. In of the 25 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 UMI 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 27, 2023. You may want to consider a long position or call options on UMI as a result. In of 42 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
UMI moved above its 50-day moving average on September 27, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UMI advanced for three days, in of 189 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 143 cases where UMI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Energy
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MADSX | 14.23 | 0.22 | +1.57% |
| Morgan Stanley Inst Advantage R6 | |||
| GPGOX | 3.22 | 0.01 | +0.31% |
| Grandeur Peak Global Opportunities Inv | |||
| DIAMX | 25.34 | 0.05 | +0.20% |
| Diamond Hill Long-Short Inv | |||
| MECIX | 43.96 | 0.07 | +0.16% |
| AMG GW&K International Small Cap I | |||
| FNKLX | 14.71 | 0.01 | +0.07% |
| Fidelity® Series Value Discovery | |||
UMI and
Correlation & Price change
A.I.dvisor indicates that over the last year, UMI has been closely correlated with MLPX. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if UMI jumps, then MLPX could also see price increases.
| Ticker / NAME | Correlation To UMI | 1D Price Change % | ||
|---|---|---|---|---|
| UMI | 100% | +0.95% | ||
| MLPX - UMI | 86% Closely correlated | +1.15% | ||
| MLPA - UMI | 77% Closely correlated | +1.06% | ||
| EMLP - UMI | 75% Closely correlated | -0.60% | ||
| AMLP - UMI | 75% Closely correlated | +1.05% | ||
| KYN - UMI | 74% Closely correlated | +0.69% | ||
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