ESPO Stock Tickeron detected bullish ETF Pattern: Wedge Rising ESPO on September 16, 2024, netting in a 12.79% gain over 1 month

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ESPO - VanEck Vdo Gaming and eSprts ETF

Ticker: ESPO

Company: VanEck Vdo Gaming and eSprts ETF

Gain: +12.79%

Confirmed: 09/16/24

Succeeded: 11/11/24

Total length: 59 days

ESPO in +0.70% Uptrend, rising for three consecutive days on November 11, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ESPO advanced for three days, in of 354 cases, the price rose further within 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 October 29, 2024. You may want to consider a long position or call options on ESPO as a result. In of 72 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 ESPO just turned positive on November 05, 2024. Looking at past instances where ESPO's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 312 cases where ESPO 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 ESPO 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 53 similar instances where the indicator moved out of overbought territory. In of the 53 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 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 ESPO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ESPO 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.