KPOP Stock Tickeron detected bullish ETF Pattern: Wedge Falling KPOP on November 04, 2024, netting in a 4.61% gain over 1 week

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KPOP - JAKOTA K-Pop and Korean EntertainmentETF

Ticker: KPOP

Company: JAKOTA K-Pop and Korean EntertainmentETF

Gain: +4.61%

Confirmed: 11/04/24

Succeeded: 11/04/24

Total length: 13 days

KPOP's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for KPOP turned positive on November 04, 2024. Looking at past instances where KPOP's MACD turned positive, the stock continued to rise in of 17 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 November 04, 2024. You may want to consider a long position or call options on KPOP as a result. In of 36 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

KPOP moved above its 50-day moving average on November 04, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for KPOP crossed bullishly above the 50-day moving average on November 05, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 5 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 KPOP advanced for three days, in of 120 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for KPOP moved out of overbought territory on November 06, 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 11 similar instances where the indicator moved out of overbought territory. In of the 11 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 30 cases where KPOP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

KPOP broke above its upper Bollinger Band on November 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.

The Aroon Indicator for KPOP entered a downward trend on November 04, 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.