BITX Stock Tickeron detected bullish ETF Pattern: Cup-and-Handle BITX on October 14, 2024, netting in a 99.04% gain over 1 month

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BITX - 2x Bitcoin Strategy ETF

Ticker: BITX

Company: 2x Bitcoin Strategy ETF

Gain: +99.04%

Confirmed: 10/14/24

Succeeded: 11/11/24

Total length: 40 days

Momentum Indicator for BITX turns positive, indicating new upward trend

BITX saw its Momentum Indicator move above the 0 level on December 10, 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 27 similar instances where the indicator turned positive. In of the 27 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 BITX just turned positive on December 17, 2024. Looking at past instances where BITX's MACD turned positive, the stock continued to rise in of 13 cases over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where BITX advanced for three days, in of 76 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 86 cases where BITX 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 Oscillator 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 1 day. 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 BITX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BITX broke above its upper Bollinger Band on December 16, 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.