AMDS Stock Tickeron detected bullish ETF Pattern: Broadening Wedge Descending AMDS on July 19, 2024, netting in a 31.24% gain over 2 weeks

GET DAILY SIGNALS

Get AI intraday signals

AMDS - GraniteShares 1x Short AMD Daily ETF

Ticker: AMDS

Company: GraniteShares 1x Short AMD Daily ETF

Gain: +31.24%

Confirmed: 07/19/24

Succeeded: 07/25/24

Total length: 15 days

Momentum Indicator for AMDS turns positive, indicating new upward trend

AMDS saw its Momentum Indicator move above the 0 level on October 30, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 20 similar instances where the indicator turned positive. In of the 20 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for AMDS just turned positive on October 14, 2024. Looking at past instances where AMDS's MACD turned positive, the stock continued to rise in of 9 cases over the following month. The odds of a continued upward trend are .

AMDS moved above its 50-day moving average on October 30, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for AMDS crossed bullishly above the 50-day moving average on November 04, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 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 AMDS advanced for three days, in of 62 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 34 cases where AMDS 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 demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMDS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AMDS broke above its upper Bollinger Band on October 31, 2024. 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.