YOLO AdvisorShares Pure Cannabis ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for YOLO turns negative, indicating new downward trend
YOLO saw its Momentum Indicator move below the 0 level on November 26, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 72 similar instances where the indicator turned negative. In of the 72 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for YOLO turned negative on December 16, 2024. 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where YOLO 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 YOLO entered a downward trend on December 17, 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 YOLO's RSI Indicator exited the oversold zone, of 40 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 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 upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where YOLO advanced for three days, in of 273 cases, the price rose further within the following month. The odds of a continued upward trend are .
YOLO 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 MiscellaneousSector
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GMAPX | 29.69 | N/A | N/A |
| Goldman Sachs Small Cap Eq Insghts P | |||
| HIBSX | 103.66 | -0.17 | -0.16% |
| Hartford Stock HLS IB | |||
| SHXYX | 14.48 | -0.06 | -0.41% |
| American Beacon Shapiro Equity Opps Y | |||
| CZMVX | 15.85 | -0.10 | -0.63% |
| Multi-Manager Value Strategies Inst | |||
| RYWCX | 40.70 | -0.61 | -1.48% |
| Rydex S&P SmallCap 600 Pure Growth C | |||
YOLO and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, YOLO has been closely correlated with MSOS. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if YOLO jumps, then MSOS could also see price increases.
| Ticker / NAME | Correlation To YOLO | 1D Price Change % | ||
|---|---|---|---|---|
| YOLO | 100% | +2.53% | ||
| MSOS - YOLO | 90% Closely correlated | +7.32% | ||
| QCLN - YOLO | 31% Poorly correlated | -0.11% | ||
| JETS - YOLO | 31% Poorly correlated | -0.40% | ||
| XT - YOLO | 25% Poorly correlated | -0.38% | ||
| BOTZ - YOLO | 22% Poorly correlated | -0.39% | ||
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