Momentum Indicator for UYM turns positive, indicating new upward trend
UYM saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 76 similar instances where the indicator turned positive. In of the 76 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for UYM just turned positive on November 01, 2023. Looking at past instances where UYM's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
UYM 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 UYM crossed bullishly above the 50-day moving average on November 20, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 3-day Advance, the price is estimated to grow further. Considering data from situations where UYM advanced for three days, in of 342 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 302 cases where UYM 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 10-day RSI Indicator for UYM moved out of overbought territory on December 04, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UYM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
UYM 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
Category Trading
UYM and
Correlation & Price change
A.I.dvisor tells us that UYM and SPXL have been poorly correlated (+24% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that UYM and SPXL's prices will move in lockstep.
| Ticker / NAME | Correlation To UYM | 1D Price Change % | ||
|---|---|---|---|---|
| UYM | 100% | -2.14% | ||
| SPXL - UYM | 24% Poorly correlated | -1.51% | ||
| SSO - UYM | 23% Poorly correlated | -1.07% | ||
| TQQQ - UYM | 19% Poorly correlated | -2.85% | ||
| QLD - UYM | 19% Poorly correlated | -1.92% | ||
| SOXL - UYM | 15% Poorly correlated | -3.29% |