ASEA Stock Global X FTSE Southeast Asia ETF (ASEA, $17.39) entered Uptrend as Momentum indicator ascends above 0 level on Oct 17, 2024

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ASEA - Global X FTSE Southeast Asia ETF

Momentum signal

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Odds of UP Trend

Price: $17.39

Daily change: +$0.19 (+1.08%)

Daily volume: 61.8K

Net Assets: $59.6M

ASEA in upward trend: price expected to rise as it breaks its lower Bollinger Band on October 04, 2024

ASEA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 45 cases where ASEA's price broke its lower Bollinger Band, its price rose further in 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 October 17, 2024. You may want to consider a long position or call options on ASEA as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 ASEA advanced for three days, in of 318 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 186 cases where ASEA 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 ASEA moved out of overbought territory on September 25, 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 27 similar instances where the indicator moved out of overbought territory. In of the 27 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 1 day. Expect a price pull-back in the near future.

The Moving Average Convergence Divergence Histogram (MACD) for ASEA turned negative on September 26, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .

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