DRIV Stock Global X Atnms & Elctrc Vhcls ETF (DRIV, $23.7) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 7, 2024

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DRIV - Global X Atnms & Elctrc Vhcls ETF

MACD signal

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Odds of UP Trend

Price: $23.7

Daily change: +$0.66 (+2.86%)

Daily volume: 244.9K

DRIV's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for DRIV turned positive on November 07, 2024. Looking at past instances where DRIV's MACD turned positive, the stock continued to rise in of 40 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 November 05, 2024. You may want to consider a long position or call options on DRIV as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

DRIV 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DRIV advanced for three days, in of 346 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where DRIV'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 DRIV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DRIV broke above its upper Bollinger Band on November 07, 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.

The Aroon Indicator for DRIV entered a downward trend on November 04, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.