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FLYD Stock Tickeron detected bullish ETF Pattern: Three Rising Valleys FLYD on July 25, 2024, netting in a 50.22% gain over 1 month

A.I.dvisor
at Tickeron.com
08/03/24
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+50.22% Gain from a Successful pattern Three Rising Valleys
FLYD - MicroSectors™ Travel -3X Inv Lvgd ETNs
Ticker: FLYD
Company: MicroSectors™ Travel -3X Inv Lvgd ETNs
Gain: +50.22%
Confirmed: 07/25/24
Succeeded: 08/02/24
Total length: 51 days
On June 12, 2024, A.I.dvisor detected a Three Rising Valleys Pattern (Bullish) for MicroSectors™ Travel -3X Inv Lvgd ETNs (FLYD, $26.84). On July 25, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $36.98. 8 days later, on August 02, 2024, FLYD reached the target price resulting in a +5 for traders who took a long position in the stock.

FLYD in upward trend: price expected to rise as it breaks its lower Bollinger Band on September 13, 2024

FLYD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 20 cases where FLYD's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FLYD 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 FLYD entered a downward trend on September 25, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 1.00% within the next month with a likelihood of 67%.

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FLYD
Daily Signalchanged days ago
Gain/Loss if shorted
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Category Trading

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