MFLX Stock Tickeron detected bearish ETF Pattern: Triple Tops MFLX on December 11, 2024, netting in a 1.28% gain over 2 weeks

GET DAILY SIGNALS

Get AI intraday signals

MFLX - First Trust Flexible Muncpl Hgh Inc ETF

Ticker: MFLX

Company: First Trust Flexible Muncpl Hgh Inc ETF

Gain from shortening: +1.28%

Confirmed: 12/11/24

Succeeded: 12/11/24

Total length: 20 days

MFLX in -1.15% downward trend, falling for three consecutive days on December 13, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where MFLX declined for three days, in of 204 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for MFLX moved out of overbought territory on December 04, 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 34 similar instances where the indicator moved out of overbought territory. In of the 34 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 59 cases where MFLX's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on December 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MFLX as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for MFLX turned negative on December 13, 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 .

MFLX moved below its 50-day moving average on December 17, 2024 date and that indicates a change from an upward trend to a downward trend.

Bullish Trend Analysis

The 10-day moving average for MFLX crossed bullishly above the 50-day moving average on November 27, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 MFLX advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .

MFLX 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 291 cases where MFLX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .