USD's RSI Oscillator ascending out of oversold territory
The RSI Indicator for USD moved out of oversold territory on September 22, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 25 similar instances when the indicator left oversold territory. In of the 25 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where USD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where USD advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .
USD 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 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on USD as a result. In of 86 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 USD turned negative on September 08, 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
USD moved below its 50-day moving average on September 07, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for USD crossed bearishly below the 50-day moving average on September 14, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where USD 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 USD entered a downward trend on August 29, 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)
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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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Correlation & Price change
A.I.dvisor indicates that over the last year, USD has been closely correlated with SOXL. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if USD jumps, then SOXL could also see price increases.
| Ticker / NAME | Correlation To USD | 1D Price Change % | ||
|---|---|---|---|---|
| USD | 100% | +1.05% | ||
| SOXL - USD | 97% Closely correlated | +1.23% | ||
| TQQQ - USD | 87% Closely correlated | +0.23% | ||
| QLD - USD | 87% Closely correlated | +0.15% | ||
| SPXL - USD | 80% Closely correlated | -0.85% | ||
| SSO - USD | 80% Closely correlated | -0.56% |