LITP Stock Tickeron detected bearish ETF Pattern: Broadening Bottom LITP on June 13, 2024, netting in a 22.97% gain over 1 month

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LITP - Sprott Lithium Miners ETF

Ticker: LITP

Company: Sprott Lithium Miners ETF

Gain from shortening: +22.97%

Confirmed: 06/13/24

Succeeded: 08/02/24

Total length: 51 days

Momentum Indicator for LITP turns negative, indicating new downward trend

LITP saw its Momentum Indicator move below the 0 level on November 21, 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 23 similar instances where the indicator turned negative. In of the 23 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 LITP turned negative on October 17, 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 15 similar instances when the indicator turned negative. In of the 15 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where LITP 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 suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 21 cases where LITP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 LITP advanced for three days, in of 81 cases, the price rose further within the following month. The odds of a continued upward trend are .