ROMO Strategy Shares Nwfnd/RSlv Rbt Mmt ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investment returns that correspond, before fees and expenses, to the performance of the Newfound/ReSolve Robust Equity Momentum Index... Show more
ROMO in +0.40% Uptrend, rising for three consecutive days on July 03, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ROMO advanced for three days, in of 343 cases, the price rose 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 June 26, 2025. You may want to consider a long position or call options on ROMO as a result. In of 73 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 ROMO just turned positive on June 27, 2025. Looking at past instances where ROMO'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 .
The Aroon Indicator entered an Uptrend today. In of 321 cases where ROMO 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 10-day RSI Indicator for ROMO moved out of overbought territory on June 13, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
ROMO broke above its upper Bollinger Band on June 27, 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 ModerateAllocation
ROMO and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, ROMO has been closely correlated with CSQ. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if ROMO jumps, then CSQ could also see price increases.
| Ticker / NAME | Correlation To ROMO | 1D Price Change % | ||
|---|---|---|---|---|
| ROMO | 100% | +0.13% | ||
| CSQ - ROMO | 86% Closely correlated | +1.15% | ||
| TY - ROMO | 84% Closely correlated | +0.79% | ||
| NIE - ROMO | 82% Closely correlated | +0.92% | ||
| EVT - ROMO | 78% Closely correlated | +0.25% | ||
| SCD - ROMO | 59% Loosely correlated | +1.53% | ||
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