Question 1

What implications does the 10-day RSI indicator have for FRTY?

Accepted Answer

The 10-day RSI Indicator for FRTY moved out of overbought territory on September 18, 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 16 similar instances where the indicator moved out of overbought territory. In 13 of the 16 cases, the stock moved lower in the following days. This puts the odds of a move lower at 81%.

Question 2

What does the Stochastic Oscillator suggest about FRTY's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

How did FRTY's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on September 12, 2024. You may want to consider a long position or call options on FRTY as a result. In 51 of 58 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 88%.

Question 4

What does MACD indicator imply for FRTY?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for FRTY turned positive on September 12, 2024. Looking at past instances where FRTY's MACD turned positive, the stock continued to rise in 28 of 30 cases over the following month. The odds of a continued upward trend are 90%.

Question 5

What is the significance of the 50-day moving average indicator for FRTY?

Accepted Answer

FRTY moved above its 50-day moving average on September 11, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 6

What is the significance of the 10-day moving average indicator for FRTY?

Accepted Answer

The 10-day moving average for FRTY crossed bullishly above the 50-day moving average on September 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 8 of 10 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 80%.

Question 7

What does a 3-day price advance indicate for FRTY?

Accepted Answer

Following a +1.64% 3-day Advance, the price is estimated to grow further. Considering data from situations where FRTY advanced for three days, in 214 of 246 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.

Question 8

What does a 3-day decline signify for FRTY's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FRTY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 86%.

Question 9

What does FRTY breaking above its upper Bollinger Band indicate?

Accepted Answer

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

Question 10

How does the Aroon Indicator reflect on FRTY's trend?

Accepted Answer

The Aroon Indicator for FRTY entered a downward trend on August 14, 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.

FRTY Stock Alger Mid Cap 40 ETF (FRTY, $16.27) entered Uptrend as Momentum indicator ascends above 0 level on Sep 12, 2024

FRTY's MACD Histogram just turned positive

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