GOOY Stock Tickeron detected bearish ETF Pattern: Head-and-Shoulders Top GOOY on July 17, 2024, netting in a 7.00% gain over 1 month

GET DAILY SIGNALS

Get AI intraday signals

GOOY - YieldMax GOOGL Option Income Stgy ETF

Ticker: GOOY

Company: YieldMax GOOGL Option Income Stgy ETF

Gain from shortening: +7%

Confirmed: 07/17/24

Succeeded: 07/25/24

Total length: 35 days

GOOY in downward trend: price may decline as a result of having broken its higher Bollinger Band on October 28, 2024

GOOY broke above its upper Bollinger Band on October 28, 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. The A.I.dvisor looked at 6 similar instances where the stock broke above the upper band. In of the 6 cases the stock fell afterwards. This puts the odds of success at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for GOOY moved out of overbought territory on October 31, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 9 similar instances where the indicator moved out of overbought territory. In of the 9 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 12 cases where GOOY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on November 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GOOY as a result. In of 14 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for GOOY turned negative on November 15, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 12 similar instances when the indicator turned negative. In of the 12 cases the stock turned lower in the days that followed. This puts the odds of success at .

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

Bullish Trend Analysis

The 50-day moving average for GOOY moved above the 200-day moving average on November 13, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOY advanced for three days, in of 113 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 73 cases where GOOY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .