HYLS Stock Tickeron detected bearish ETF Pattern: Three Falling Peaks on January 02, 2025

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HYLS - First Trust Tactical High Yield ETF

Emerged: 01/02/25

Breakout: $41.29

Price: $41.41

Target price: $40.62

HYLS in -0.53% downward trend, sliding for three consecutive days on December 30, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where HYLS declined for three days, in of 243 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on HYLS as a result. In of 86 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 HYLS turned negative on December 16, 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 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .

HYLS moved below its 50-day moving average on January 07, 2025 date and that indicates a change from an upward trend to a downward trend.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where HYLS's RSI Oscillator exited the oversold zone, of 19 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where HYLS'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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HYLS advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .

HYLS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 294 cases where HYLS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .