GLOV Stock Tickeron detected bullish ETF Pattern: Three Rising Valleys on February 08, 2024

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GLOV - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF

Emerged: 02/08/24

Breakout: $45.03

Price: $44.76

Target price: $45.69

GLOV's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for GLOV turned positive on November 07, 2024. Looking at past instances where GLOV's MACD turned positive, the stock continued to rise in of 24 cases over 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 November 06, 2024. You may want to consider a long position or call options on GLOV as a result. In of 36 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

GLOV moved above its 50-day moving average on November 06, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GLOV advanced for three days, in of 178 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 206 cases where GLOV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The 10-day moving average for GLOV crossed bearishly below the 50-day moving average on November 01, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 6 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 GLOV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

GLOV broke above its upper Bollinger Band on November 07, 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.