JPME Stock Tickeron detected bullish ETF Pattern: Three Rising Valleys JPME on November 05, 2024, netting in a 4.69% gain over 2 weeks

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JPME - JPMorgan Divers Ret US Mid Cp Eq ETF

Ticker: JPME

Company: JPMorgan Divers Ret US Mid Cp Eq ETF

Gain: +4.69%

Confirmed: 11/05/24

Succeeded: 11/11/24

Total length: 17 days

Momentum Indicator for JPME turns positive, indicating new upward trend

JPME 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 87 similar instances where the indicator turned positive. In of the 87 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 JPME just turned positive on November 06, 2024. Looking at past instances where JPME's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

JPME 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 JPME advanced for three days, in of 345 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 328 cases where JPME 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 JPME moved out of overbought territory on November 12, 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 50 similar instances where the indicator moved out of overbought territory. In of the 50 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where JPME'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 JPME declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

JPME broke above its upper Bollinger Band on November 06, 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.