GOVI Stock Tickeron detected bullish ETF Pattern: Broadening Wedge Descending GOVI on November 07, 2024, netting in a 0.87% gain over 1 day

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GOVI - Invesco Equal Weight 0-30 Years Trs ETF

Ticker: GOVI

Company: Invesco Equal Weight 0-30 Years Trs ETF

Gain: +0.87%

Confirmed: 11/07/24

Succeeded: 11/07/24

Total length: 1 day

GOVI's RSI Oscillator climbs out of oversold territory

The RSI Oscillator for GOVI moved out of oversold territory on November 04, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 43 similar instances when the indicator left oversold territory. In of the 43 cases the stock moved higher. This puts the odds of a move higher at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 64 cases where GOVI's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 20, 2024. You may want to consider a long position or call options on GOVI as a result. In of 89 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 GOVI just turned positive on November 07, 2024. Looking at past instances where GOVI's MACD turned positive, the stock continued to rise in of 49 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 GOVI advanced for three days, in of 299 cases, the price rose further within the following month. The odds of a continued upward trend are .

GOVI 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

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GOVI 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 GOVI entered a downward trend on November 20, 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.