LEGR Stock First Trust Indxx Invtv Tnsctn&Prcs ETF (LEGR, $46.29) entered Downtrend as Momentum indicator drops below 0 level on Nov 15, 2024

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LEGR - First Trust Indxx Invtv Tnsctn&Prcs ETF

Momentum signal

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Odds of DOWN Trend

Price: $46.29

Daily change: -$0.16 (-0.34%)

Daily volume: 75.9K

Net Assets: $102.5M

Momentum Indicator for LEGR turns negative, indicating new downward trend

LEGR saw its Momentum Indicator move below the 0 level on November 15, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 92 similar instances where the indicator turned negative. In of the 92 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for LEGR turned negative on November 12, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .

LEGR moved below its 50-day moving average on November 14, 2024 date and that indicates a change from an upward trend to a downward trend.

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

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LEGR advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .

LEGR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 302 cases where LEGR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .