CEFS Stock Saba Closed-End Funds ETF (CEFS, $22.16) entered Uptrend as Momentum indicator ascends above 0 level on Nov 21, 2024

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CEFS - Saba Closed-End Funds ETF

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Odds of UP Trend

Price: $22.16

Daily change: +$0.15 (+0.68%)

Daily volume: 55.5K

Net Assets: $237.3M

Momentum Indicator for CEFS turns positive, indicating new upward trend

CEFS saw its Momentum Indicator move above the 0 level on November 21, 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 87 similar instances where the indicator turned positive. In of the 87 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

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 46 cases where CEFS'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 .

CEFS moved above its 50-day moving average on November 18, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CEFS advanced for three days, in of 375 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 391 cases where CEFS 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 Moving Average Convergence Divergence Histogram (MACD) for CEFS turned negative on November 14, 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 45 similar instances when the indicator turned negative. In of the 45 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 CEFS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CEFS broke above its upper Bollinger Band on November 08, 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.