MLPA Stock Global X MLP ETF (MLPA, $48.05) Moving Average Convergence Divergence (MACD) Histogram turned negative on October 15, 2024

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MLPA - Global X MLP ETF

MACD signal

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Odds of DOWN Trend

Price: $48.05

Daily change: -$0.44 (-0.91%)

Daily volume: 70.9K

Net Assets: $1.6B

MLPA sees MACD Histogram crosses below signal line

MLPA saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 15, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 68 cases where MLPA'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 October 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MLPA as a result. In of 72 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 MLPA 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

MLPA moved above its 50-day moving average on September 27, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MLPA advanced for three days, in of 359 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 349 cases where MLPA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .