URTY's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for URTY turned positive on November 02, 2023. Looking at past instances where URTY's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on URTY as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
URTY moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for URTY crossed bullishly above the 50-day moving average on November 22, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 +1 3-day Advance, the price is estimated to grow further. Considering data from situations where URTY advanced for three days, in of 326 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 265 cases where URTY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where URTY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
URTY broke above its upper Bollinger Band on December 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.
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
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URTY and
Correlation & Price change
A.I.dvisor indicates that over the last year, URTY has been closely correlated with SPXL. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if URTY jumps, then SPXL could also see price increases.
| Ticker / NAME | Correlation To URTY | 1D Price Change % | ||
|---|---|---|---|---|
| URTY | 100% | +3.08% | ||
| SPXL - URTY | 83% Closely correlated | -1.51% | ||
| SSO - URTY | 82% Closely correlated | -1.06% | ||
| QLD - URTY | 67% Closely correlated | -1.94% | ||
| TQQQ - URTY | 67% Closely correlated | -2.85% | ||
| SOXL - URTY | 63% Loosely correlated | -3.38% |