UXI's Stochastic Oscillator is remaining in oversold zone for 10 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 uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator demonstrates 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 UXI advanced for three days, in of 346 cases, the price rose further within the following month. The odds of a continued upward trend are .
UXI 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 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on UXI as a result. In of 76 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 UXI turned negative on September 06, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
UXI 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 10-day moving average for UXI crossed bearishly below the 50-day moving average on August 22, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 UXI 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 UXI entered a downward trend on September 20, 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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High and low price notable news
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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
UXI and
Correlation & Price change
A.I.dvisor tells us that UXI and SOXL have been poorly correlated (+-11% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that UXI and SOXL's prices will move in lockstep.
| Ticker / NAME | Correlation To UXI | 1D Price Change % | ||
|---|---|---|---|---|
| UXI | 100% | -0.23% | ||
| SOXL - UXI | -11% Poorly correlated | +2.41% | ||
| TQQQ - UXI | -13% Poorly correlated | +0.07% | ||
| QLD - UXI | -13% Poorly correlated | +0.08% | ||
| SPXL - UXI | -14% Poorly correlated | -0.82% | ||
| SSO - UXI | -15% Poorly correlated | -0.53% |