GVAL Stock Cambria Global Value ETF (GVAL, $21.11) entered Downtrend as Momentum indicator drops below 0 level on Dec 16, 2024

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GVAL - Cambria Global Value ETF

Momentum signal

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Odds of DOWN Trend

Price: $21.11

Daily change: -$0.15 (-0.72%)

Daily volume: 13K

Net Assets: $94.9M

Momentum Indicator for GVAL turns negative, indicating new downward trend

GVAL saw its Momentum Indicator move below the 0 level on December 16, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 76 similar instances where the indicator turned negative. In of the 76 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

GVAL moved below its 50-day moving average on December 10, 2024 date and that indicates a change from an upward trend to a downward trend.

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

GVAL broke above its upper Bollinger Band on December 09, 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 Aroon Indicator for GVAL entered a downward trend on December 05, 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.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Moving Average Convergence Divergence (MACD) for GVAL just turned positive on November 27, 2024. Looking at past instances where GVAL's MACD turned positive, the stock continued to rise in of 42 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 GVAL advanced for three days, in of 366 cases, the price rose further within the following month. The odds of a continued upward trend are .