GGLL Stock Tickeron detected bullish ETF Pattern: Triangle Ascending GGLL on October 29, 2024, netting in a 16.41% gain over 1 month

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GGLL - Direxion Daily GOOGL Bull 2X Shares

Ticker: GGLL

Company: Direxion Daily GOOGL Bull 2X Shares

Gain: +16.41%

Confirmed: 10/29/24

Succeeded: 12/10/24

Total length: 42 days

GGLL's RSI Oscillator leaves overbought zone

The 10-day RSI Indicator for GGLL moved out of overbought territory on December 17, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 23 instances where the indicator moved out of the overbought zone. In of the 23 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

GGLL broke above its upper Bollinger Band on December 10, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 06, 2024. You may want to consider a long position or call options on GGLL as a result. In of 40 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 GGLL just turned positive on December 09, 2024. Looking at past instances where GGLL's MACD turned positive, the stock continued to rise in of 20 cases over the following month. The odds of a continued upward trend are .

GGLL moved above its 50-day moving average on December 02, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for GGLL crossed bullishly above the 50-day moving average on December 09, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 9 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 .

Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where GGLL advanced for three days, in of 162 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 109 cases where GGLL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .