ARVR Stock First Trust Indxx Metaverse ETF (ARVR, $39.61) RSI Indicator left the overbought zone on November 07, 2024

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ARVR - First Trust Indxx Metaverse ETF

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Odds of DOWN Trend

Price: $39.61

Daily change: +$0.97 (+2.5%)

Daily volume: 0

ARVR in -1.53% downward trend, declining for three consecutive days on October 31, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ARVR declined for three days, in of 125 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for ARVR moved out of overbought territory on November 08, 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 23 similar instances where the indicator moved out of overbought territory. In of the 23 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

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

ARVR broke above its upper Bollinger Band on November 06, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 29, 2024. You may want to consider a long position or call options on ARVR as a result. In of 41 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 ARVR just turned positive on November 05, 2024. Looking at past instances where ARVR's MACD turned positive, the stock continued to rise in of 22 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 ARVR advanced for three days, in of 175 cases, the price rose further within the following month. The odds of a continued upward trend are .