IXC Stock iShares Global Energy ETF (IXC, $41.88) entered Uptrend as Momentum indicator ascends above 0 level on Nov 06, 2024

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IXC - iShares Global Energy ETF

Momentum signal

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Odds of UP Trend

Price: $41.88

Daily change: +$0.83 (+2.02%)

Daily volume: 416K

Net Assets: $2.1B

Momentum Indicator for IXC turns positive, indicating new upward trend

IXC saw its Momentum Indicator move above the 0 level on November 06, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 82 similar instances where the indicator turned positive. In of the 82 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for IXC just turned positive on November 06, 2024. Looking at past instances where IXC's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

IXC 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.

The 10-day moving average for IXC crossed bullishly above the 50-day moving average on November 11, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 IXC advanced for three days, in of 350 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 50-day moving average for IXC moved below the 200-day moving average on November 06, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IXC 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 IXC entered a downward trend on November 12, 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.