WEAT's RSI Oscillator recovers from oversold territory
The RSI Indicator for WEAT moved out of oversold territory on May 03, 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 29 similar instances when the indicator left oversold territory. In of the 29 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 65 cases where WEAT'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 .
The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on WEAT as a result. In of 86 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 WEAT just turned positive on June 01, 2023. Looking at past instances where WEAT's MACD turned positive, the stock continued to rise in of 44 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 232 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
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 May 30, 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)
Industry description
General Information
Category CommoditiesBroadBasket
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| CCRIX | 18.29 | 0.42 | +2.35% |
| Columbia Small Cap Growth R | |||
| REAYX | 24.10 | 0.44 | +1.86% |
| Russell Inv Equity Income Y | |||
| JEMWX | 29.37 | 0.43 | +1.49% |
| JPMorgan Emerging Markets Equity R6 | |||
| WIMVX | 9.59 | 0.10 | +1.05% |
| Segall Bryant & Hamill Glb All Cp Inst | |||
| KTRIX | 8.86 | 0.07 | +0.80% |
| DWS Global Income Builder Inst | |||
WEAT and
Correlation & Price change
A.I.dvisor tells us that WEAT and SLV have been poorly correlated (+24% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that WEAT and SLV's prices will move in lockstep.
| Ticker / NAME | Correlation To WEAT | 1D Price Change % | ||
|---|---|---|---|---|
| WEAT | 100% | +1.61% | ||
| SLV - WEAT | 24% Poorly correlated | -1.18% | ||
| PHYS - WEAT | 15% Poorly correlated | -1.42% | ||
| IAU - WEAT | 14% Poorly correlated | -1.47% | ||
| GLDM - WEAT | 14% Poorly correlated | -1.45% | ||
| GLD - WEAT | 13% Poorly correlated | -1.47% |