MFLX Stock First Trust Flexible Muncpl Hgh Inc ETF (MFLX, $17.11) Moving Average Convergence Divergence (MACD) Histogram turned negative on July 29, 2024

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MFLX - First Trust Flexible Muncpl Hgh Inc ETF

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Odds of DOWN Trend

Price: $17.11

Daily change: -$0.04 (-0.2%)

Daily volume: 265

Net Assets: $15.5M

MFLX's Indicator enters downward trend

The Aroon Indicator for MFLX entered a downward trend on November 04, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 122 similar instances where the Aroon Indicator formed such a pattern. In of the 122 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

MFLX moved below its 50-day moving average on October 22, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for MFLX crossed bearishly below the 50-day moving average on October 29, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MFLX 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 Momentum Indicator moved above the 0 level on November 12, 2024. You may want to consider a long position or call options on MFLX as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MFLX just turned positive on November 11, 2024. Looking at past instances where MFLX's MACD turned positive, the stock continued to rise in of 54 cases 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 301 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.