FTXG Stock First Trust Nasdaq Food & Beverage ETF (FTXG, $22.45) price may climb as it broke lower Bollinger Band on Jan 07, 2025

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FTXG - First Trust Nasdaq Food & Beverage ETF

Bollinger signal

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Odds of UP Trend

Price: $22.45

Daily change: -$0.16 (-0.73%)

Daily volume: 17.4K

Net Assets: $22.6M

FTXG's RSI Oscillator is staying in oversold zone for 2 days

It is expected that a price bounce should occur soon.

Technical Analysis (Indicators)

Bullish Trend Analysis

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

Bearish Trend Analysis

The 50-day moving average for FTXG moved below the 200-day moving average on December 24, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FTXG 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 FTXG entered a downward trend on January 08, 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.