BATT Stock Amplify Lithium & Battery Tech ETF (BATT, $9.27) entered Downtrend as Momentum indicator drops below 0 level on Nov 21, 2024

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BATT - Amplify Lithium & Battery Tech ETF

Momentum signal

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Odds of DOWN Trend

Price: $9.27

Daily change: +$0.04 (+0.43%)

Daily volume: 33.6K

Net Assets: $72.5M

BATT in downward trend: price dove below 50-day moving average on November 20, 2024

BATT moved below its 50-day moving average on November 20, 2024 date and that indicates a change from an upward trend to a downward trend. In of 46 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BATT as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The 10-day moving average for BATT crossed bearishly below the 50-day moving average on November 21, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 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 BATT 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 BATT entered a downward trend on November 06, 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.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where BATT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The 50-day moving average for BATT moved above the 200-day moving average on November 06, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BATT advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .

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