WEAT saw its Stochastic Oscillator recovers from the overbought zone
The Stochastic Oscillator for WEAT moved out of overbought territory on December 13, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 62 similar instances where the indicator exited the overbought zone. In of the 62 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on WEAT as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 WEAT 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 WEAT entered a downward trend on December 13, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where WEAT's RSI Indicator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for WEAT just turned positive on December 06, 2024. Looking at past instances where WEAT'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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WEAT advanced for three days, in of 257 cases, the price rose further within the following month. The odds of a continued upward trend are .
WEAT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category CommoditiesBroadBasket
WEAT and ETFs
Correlation & Price change
A.I.dvisor tells us that WEAT and BCIM have been poorly correlated (+6% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that WEAT and BCIM's prices will move in lockstep.
| Ticker / NAME | Correlation To WEAT | 1D Price Change % | ||
|---|---|---|---|---|
| WEAT | 100% | -1.04% | ||
| BCIM - WEAT | 6% Poorly correlated | -1.23% | ||
| GLDM - WEAT | 5% Poorly correlated | -0.36% | ||
| GLDI - WEAT | 2% Poorly correlated | -0.05% | ||
| IAU - WEAT | -1% Poorly correlated | -0.30% | ||
| SGOL - WEAT | -1% Poorly correlated | -0.32% | ||
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