EQAL Stock Invesco Russell 1000 Equal Weight ETF (EQAL, $50.87) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 21, 2024

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EQAL - Invesco Russell 1000 Equal Weight ETF

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Odds of UP Trend

Price: $50.87

Daily change: +$0.73 (+1.46%)

Daily volume: 22.2K

Net Assets: $641.9M

Momentum Indicator for EQAL turns positive, indicating new upward trend

EQAL 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 86 similar instances where the indicator turned positive. In of the 86 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 EQAL just turned positive on November 21, 2024. Looking at past instances where EQAL's MACD turned positive, the stock continued to rise in of 48 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 EQAL advanced for three days, in of 356 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 316 cases where EQAL 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 10-day RSI Indicator for EQAL moved out of overbought territory on November 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator moved out of overbought territory. In of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 70 cases where EQAL'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 EQAL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

EQAL 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.