BOAT Stock Tickeron detected bullish ETF Pattern: Pennant BOAT on April 22, 2025, netting in a 12.76% gain over 2 weeks

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BOAT - SonicShares™ Global Shipping ETF

Ticker: BOAT

Company: SonicShares™ Global Shipping ETF

Gain: +12.76%

Confirmed: 04/22/25

Succeeded: 05/12/25

Total length: 20 days

BOAT's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for BOAT turned positive on April 16, 2025. Looking at past instances where BOAT's MACD turned positive, the stock continued to rise in of 29 cases over 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 April 17, 2025. You may want to consider a long position or call options on BOAT as a result. In of 64 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

BOAT moved above its 50-day moving average on April 28, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BOAT crossed bullishly above the 50-day moving average on May 05, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 BOAT advanced for three days, in of 265 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 208 cases where BOAT 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 has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

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

BOAT broke above its upper Bollinger Band on May 12, 2025. 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.