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FTAG Stock First Trust Indxx Global Agriculture ETF (FTAG, $24.41) Stochastic Oscillator left the overbought zone on November 08, 2024

A.I.dvisor
at Tickeron.com
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FTAG - First Trust Indxx Global Agriculture ETF
Stochastic signal
Bearish Trend
Odds of DOWN Trend
Tickeron
Stochastic signal
Price: $24.41
Daily change: -$0.56 (-2.24%)
Daily volume: 944
Net Assets: $6M
This is a signal that FTAG's price trend could be reversing, and it may be an opportunity to sell the stock or take a defensive position. A.I.dvisor identified 64 similar cases where FTAG's stochastic oscillator exited the overbought zone, and of them led to successful outcomes. Odds of Success:

FTAG in -3.82% downward trend, declining for three consecutive days on November 13, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FTAG declined for three days, in of 235 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FTAG as a result. In of 69 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

FTAG moved below its 50-day moving average on October 22, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for FTAG crossed bearishly below the 50-day moving average on October 25, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 .

The Aroon Indicator for FTAG entered a downward trend on November 15, 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.

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 3 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 3 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FTAG advanced for three days, in of 269 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

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FTAG
Daily Signalchanged days ago
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General Information

Category NaturalResources

Profile
Fundamentals
Details
Category
Natural Resources
Address
First Trust Exchange-Traded Fund II12o East Liberty Drive, Suite 400Wheaton
Phone
630-241-4141
Web
www.ftportfolios.com