ICAP Stock InfraCap Equity Income ETF (ICAP, $27.9) RSI Indicator left the overbought zone on October 16, 2024

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ICAP - InfraCap Equity Income ETF

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Odds of DOWN Trend

Price: $27.9

Daily change: +$0.43 (+1.58%)

Daily volume: 3.2K

Net Assets: $57M

ICAP's RSI Oscillator leaves overbought zone

The 10-day RSI Indicator for ICAP moved out of overbought territory on October 21, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 24 instances where the indicator moved out of the overbought zone. In of the 24 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 32 cases where ICAP's Stochastic Oscillator exited the overbought zone, the price fell further within 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 ICAP 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 ICAP entered a downward trend on November 08, 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 Momentum Indicator moved above the 0 level on November 21, 2024. You may want to consider a long position or call options on ICAP as a result. In of 40 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 ICAP just turned positive on November 21, 2024. Looking at past instances where ICAP's MACD turned positive, the stock continued to rise in of 25 cases over the following month. The odds of a continued upward trend are .

ICAP moved above its 50-day moving average on November 05, 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 ICAP advanced for three days, in of 206 cases, the price rose further within the following month. The odds of a continued upward trend are .

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