ENFR Stock Tickeron detected bullish ETF Pattern: Wedge Rising ENFR on October 16, 2024, netting in a 5.03% gain over 3 weeks

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ENFR - Alerian Energy Infrastructure ETF

Ticker: ENFR

Company: Alerian Energy Infrastructure ETF

Gain: +5.03%

Confirmed: 10/16/24

Succeeded: 11/07/24

Total length: 24 days

Momentum Indicator for ENFR turns positive, indicating new upward trend

ENFR saw its Momentum Indicator move above the 0 level on November 04, 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 72 similar instances where the indicator turned positive. In of the 72 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for ENFR just turned positive on November 06, 2024. Looking at past instances where ENFR's MACD turned positive, the stock continued to rise in of 46 cases 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 ENFR advanced for three days, in of 374 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 366 cases where ENFR 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 demonstrates that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

ENFR broke above its upper Bollinger Band on November 05, 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.