UONE, top quarterly gainer,rising +1208%.Expect Uptrend reversal
Urban One Inc - Ordinary Shares - (UONE, $15.57) was one of top quarterly gainers, jumping +1208.4% to $15.57 per share. Tickeron A.I.dvisor analyzed 28 stocks in the Broadcasting Industry over the last three months, and discovered that 19 of them (66.67%) charted an Uptrend while 9 of them (33.33%) trended down. Tickeron A.I.dvisor found 106 similar cases when UONE's price went up 15% within three months. In 54 out of those 106 cases, UONE's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for UONE are 51%.
UONE enters a Downtrend as Momentum Indicator dropped below the 0 level on July 02, 2020
Tickeron AI shows that this indicator signals that UONE's price has further to drop, since it moved below its price 14 days ago. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 75 of 88 cases where UONE's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 85%.
The Moving Average Convergence Divergence (MACD) crossed below the signal line. Tickeron AI shows that in 31 of 37 cases where UONE's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 84%.
UONE enters a Downtrend as Momentum Indicator dropped below the 0 level on July 02, 2020
Tickeron AI shows that this indicator signals that UONE's price has further to drop, since it moved below its price 14 days ago. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 75 of 88 cases where UONE's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 85%.
The Moving Average Convergence Divergence (MACD) crossed below the signal line. Tickeron AI shows that in 31 of 37 cases where UONE's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 84%.