FNGO in upward trend: price rose above 50-day moving average on April 25, 2025
FNGO moved above its 50-day moving average on April 25, 2025 date and that indicates a change from a downward trend to an upward trend. In of 31 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 10-day moving average for FNGO crossed bullishly above the 50-day moving average on May 05, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 FNGO advanced for three days, in of 370 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 324 cases where FNGO 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 RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 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 FNGO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FNGO broke above its upper Bollinger Band on May 13, 2025. 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.
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General Information
Category Trading
FNGO and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FNGO has been closely correlated with TQQQ. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if FNGO jumps, then TQQQ could also see price increases.
| Ticker / NAME | Correlation To FNGO | 1D Price Change % | ||
|---|---|---|---|---|
| FNGO | 100% | +0.34% | ||
| TQQQ - FNGO | 93% Closely correlated | -1.28% | ||
| QLD - FNGO | 93% Closely correlated | -0.85% | ||
| SSO - FNGO | 80% Closely correlated | -1.16% | ||
| SPXL - FNGO | 80% Closely correlated | -1.86% | ||
| SOXL - FNGO | 77% Closely correlated | -1.45% | ||
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