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FIP Stock Tickeron detected bullish Stock Pattern: Cup-and-Handle FIP on October 03, 2024, netting in a 1.35% gain over 1 day

A.I.dvisor
at Tickeron.com
10/05/24
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+1.35% Gain from a Successful pattern Cup-and-Handle
FIP - FTAI Infrastructure
Tickeron
Ticker: FIP
Company: FTAI Infrastructure
Gain: +1.35%
Confirmed: 10/03/24
Succeeded: 10/03/24
Total length: 1 day
On October 02, 2024, A.I.dvisor detected a Cup-and-Handle Pattern (Bullish) for FTAI Infrastructure (FIP, $8.92). On October 03, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $9.82. On October 03, 2024, FIP reached the target price resulting in a for traders who took a long position in the stock.

FIP's RSI Oscillator climbs out of oversold territory

The RSI Indicator for FIP moved out of oversold territory on November 01, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 5 similar instances when the indicator left oversold territory. In of the 5 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 21 cases where FIP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on FIP as a result. In of 32 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

FIP moved above its 50-day moving average on November 06, 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 FIP advanced for three days, in of 148 cases, the price rose further within the following month. The odds of a continued upward trend are .

FIP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 171 cases where FIP 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 Moving Average Convergence Divergence Histogram (MACD) for FIP turned negative on October 17, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 19 similar instances when the indicator turned negative. In of the 19 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for FIP crossed bearishly below the 50-day moving average on October 28, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 4 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 FIP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

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Profile
Fundamentals
Details
Industry
N/A
Address
1345 Avenue of the Americas
Phone
+1 212 798-6100
Employees
700
Web
https://www.fipinc.com