ABEQ Stock Absolute Select Value ETF (ABEQ, $32.85) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 21, 2024

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ABEQ - Absolute Select Value ETF

MACD signal

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Odds of UP Trend

Price: $32.85

Daily change: +$0.19 (+0.59%)

Daily volume: 2.1K

Net Assets: $89M

ABEQ in upward trend: price rose above 50-day moving average on November 20, 2024

ABEQ moved above its 50-day moving average on November 20, 2024 date and that indicates a change from a downward trend to an upward trend. In of 37 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 Momentum Indicator moved above the 0 level on November 21, 2024. You may want to consider a long position or call options on ABEQ as a result. In of 88 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 ABEQ just turned positive on November 21, 2024. Looking at past instances where ABEQ's MACD turned positive, the stock continued to rise in of 46 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 ABEQ advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .

ABEQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The 10-day RSI Indicator for ABEQ moved out of overbought territory on October 21, 2024. 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 42 similar instances where the indicator moved out of overbought territory. In of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The 10-day moving average for ABEQ crossed bearishly below the 50-day moving average on November 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ABEQ 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 ABEQ entered a downward trend on November 21, 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.