CONY Stock Tickeron detected bearish ETF Pattern: Three Falling Peaks CONY on July 18, 2024, netting in a 24.97% gain over 3 weeks

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CONY - YieldMax COIN Option Income Strategy ETF

Ticker: CONY

Company: YieldMax COIN Option Income Strategy ETF

Gain from shortening: +24.97%

Confirmed: 07/18/24

Succeeded: 08/07/24

Total length: 23 days

CONY's RSI Oscillator peaks and leaves overbought zone

The 10-day RSI Oscillator for CONY moved out of overbought territory on November 13, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 7 instances where the indicator moved out of the overbought zone. In of the 7 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 16 cases where CONY's Stochastic Oscillator exited the overbought zone, the price fell further within 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 CONY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CONY broke above its upper Bollinger Band on November 06, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on CONY as a result. In of 19 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CONY just turned positive on November 06, 2024. Looking at past instances where CONY's MACD turned positive, the stock continued to rise in of 14 cases over the following month. The odds of a continued upward trend are .

CONY moved above its 50-day moving average on November 04, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for CONY crossed bullishly above the 50-day moving average on October 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 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 CONY advanced for three days, in of 91 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 90 cases where CONY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .