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FCG Stock Tickeron detected bullish ETF Pattern: Triple Bottoms FCG on November 05, 2024, netting in a 16.72% gain over 2 months

A.I.dvisor
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+16.72% Gain from a Successful pattern Triple Bottoms
FCG - First Trust Natural Gas ETF
Tickeron
Ticker: FCG
Company: First Trust Natural Gas ETF
Gain: +16.72%
Confirmed: 11/05/24
Succeeded: 01/15/25
Total length: 75 days
On November 01, 2024, A.I.dvisor detected a Triple Bottoms Pattern (Bullish) for First Trust Natural Gas ETF (FCG, $23.11). On November 05, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $27.06. 71 days later, on January 15, 2025, FCG reached the target price resulting in a +1 for traders who took a long position in the stock.

FCG's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for FCG turned positive on December 31, 2024. Looking at past instances where FCG's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 31, 2024. You may want to consider a long position or call options on FCG as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

FCG moved above its 50-day moving average on December 31, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FCG crossed bullishly above the 50-day moving average on January 08, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 FCG advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 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 FCG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for FCG entered a downward trend on January 02, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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FCG
Daily Signalchanged days ago
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A.I.Advisor
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A.I. Advisor
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General Information

Category Energy

Profile
Fundamentals
Details
Category
Equity Energy
Address
First Trust Exchange-Traded Fund1001 Warrenville Road, Suite 300Lisle
Phone
630-241-4141
Web
www.ftportfolios.com