VAMO in upward trend: price rose above 50-day moving average on September 27, 2023
VAMO 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. In of 62 similar past instances, the stock price increased further within 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 September 27, 2023. You may want to consider a long position or call options on VAMO as a result. In of 107 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for VAMO just turned positive on September 27, 2023. Looking at past instances where VAMO's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for VAMO moved above the 200-day moving average on August 25, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where VAMO advanced for three days, in of 265 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The 10-day moving average for VAMO 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 17 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 VAMO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
VAMO broke above its upper Bollinger Band on September 27, 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 LongShort
VAMO and
Correlation & Price change
A.I.dvisor indicates that over the last year, VAMO has been loosely correlated with LBAY. These tickers have moved in lockstep 35% of the time. This A.I.-generated data suggests there is some statistical probability that if VAMO jumps, then LBAY could also see price increases.
| Ticker / NAME | Correlation To VAMO | 1D Price Change % | ||
|---|---|---|---|---|
| VAMO | 100% | -0.69% | ||
| LBAY - VAMO | 35% Loosely correlated | -1.21% | ||
| CLSE - VAMO | 33% Loosely correlated | -0.95% | ||
| CPZ - VAMO | 11% Poorly correlated | +1.58% | ||
| DFND - VAMO | 9% Poorly correlated | -0.49% | ||
| CLIX - VAMO | 9% Poorly correlated | +0.91% | ||
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