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IGPT Stock Invesco AI and Next Gen Software ETF (IGPT, $48.96) Aroon Indicator entered an Uptrend on December 06, 2024.

A.I.dvisor
at Tickeron.com
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IGPT - Invesco AI and Next Gen Software ETF
Aroon signal
Bullish Trend
Odds of UP Trend
Tickeron
Aroon signal
Price: $48.96
Daily change: +$0.36 (+0.74%)
Daily volume: 41.1K
Net Assets: $427.1M
Over the last three days, A.I.dvisor has detected that IGPT's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. A.I.dvisor backtested this indicator and found 329 similar cases, of which were successful. Based on this data, the odds of success are

IGPT's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for IGPT turned positive on December 02, 2024. Looking at past instances where IGPT's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 29, 2024. You may want to consider a long position or call options on IGPT as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 IGPT advanced for three days, in of 338 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 329 cases where IGPT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for IGPT moved out of overbought territory on December 05, 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 44 similar instances where the indicator moved out of overbought territory. In of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

IGPT broke above its upper Bollinger Band on December 04, 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.

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Daily Signalchanged days ago
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General Information

Category Technology

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Technology
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Powershares Exchange Traded Fund Trust227 E Prairie AveWheaton
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www.invescopowershares.com