GCAD Stock Tickeron detected bullish ETF Pattern: Triangle Symmetrical Top on January 03, 2025

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GCAD - Gabelli Commercial Aerospace & Dfns ETF

Emerged: 01/03/25

Breakout: $35.38

Price: $33.94

Target price: $36.94

GCAD in upward trend: price may jump up because it broke its lower Bollinger Band on December 18, 2024

GCAD 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 12 cases where GCAD's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on GCAD as a result. In of 34 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for GCAD just turned positive on January 08, 2025. Looking at past instances where GCAD's MACD turned positive, the stock continued to rise in of 17 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GCAD advanced for three days, in of 154 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 21 cases where GCAD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

GCAD moved below its 50-day moving average on January 06, 2025 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for GCAD crossed bearishly below the 50-day moving average on December 20, 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 GCAD 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 GCAD entered a downward trend on December 30, 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.