KNCT Stock Invesco Next Gen Connectivity ETF (KNCT, $104.85) Aroon Indicator entered an Uptrend on October 14, 2024.

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KNCT - Invesco Next Gen Connectivity ETF

Aroon signal

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Odds of UP Trend

Price: $104.85

Daily change: +$0.74 (+0.71%)

Daily volume: 499

Net Assets: $43.7M

KNCT's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for KNCT turned positive on October 09, 2024. Looking at past instances where KNCT's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 08, 2024. You may want to consider a long position or call options on KNCT as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

KNCT moved above its 50-day moving average on September 12, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for KNCT crossed bullishly above the 50-day moving average on September 19, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 KNCT advanced for three days, in of 364 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 346 cases where KNCT 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 RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

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

KNCT broke above its upper Bollinger Band on October 14, 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.

Fundamental Analysis (Ratings)

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 1.00% within the next month with a likelihood of 83%.