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COPJ Stock Tickeron detected bullish ETF Pattern: Head-and-Shoulders Bottom COPJ on September 19, 2024, netting in a 11.47% gain over 3 weeks

A.I.dvisor
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+11.47% Gain from a Successful pattern Head-and-Shoulders Bottom
COPJ - Sprott Junior Copper Miners ETF
Tickeron
Ticker: COPJ
Company: Sprott Junior Copper Miners ETF
Gain: +11.47%
Confirmed: 09/19/24
Succeeded: 09/25/24
Total length: 22 days
On September 03, 2024, A.I.dvisor detected a Head-and-Shoulders Bottom Pattern (Bullish) for Sprott Junior Copper Miners ETF (COPJ, $20.48). On September 19, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $23.84. 6 days later, on September 25, 2024, COPJ reached the target price resulting in a +1 for traders who took a long position in the stock.

COPJ's RSI Indicator climbs out of oversold territory

The RSI Indicator for COPJ moved out of oversold territory on December 23, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 10 similar instances when the indicator left oversold territory. In of the 10 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where COPJ advanced for three days, in of 104 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on COPJ as a result. In of 32 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 Moving Average Convergence Divergence Histogram (MACD) for COPJ turned negative on December 13, 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 16 similar instances when the indicator turned negative. In of the 16 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 COPJ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

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General Information

Category NaturalResources

Profile
Fundamentals
Details
Category
Natural Resources
Address
Sprott ETF Trust1910 PALOMAR POINT WAY SUITE 200
Phone
760-444-5254
Web
N/A