MLPX Stock Global X MLP & Energy Infrastructure ETF (MLPX, $62.44) price may drop as it broke higher Bollinger Band on Jun 03, 2025

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MLPX - Global X MLP & Energy Infrastructure ETF

Bollinger signal

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Odds of DOWN Trend

Price: $62.44

Daily change: +$0.82 (+1.33%)

Daily volume: 241.3K

Net Assets: $2.6B

MLPX in downward trend: price may drop because broke its higher Bollinger Band on June 03, 2025

MLPX broke above its upper Bollinger Band on June 03, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 45 similar instances where the stock broke above the upper band. In of the 45 cases the stock fell afterwards. This puts the odds of success at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MLPX 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 June 02, 2025. You may want to consider a long position or call options on MLPX as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

MLPX moved above its 50-day moving average on May 23, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MLPX crossed bullishly above the 50-day moving average on May 20, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 MLPX advanced for three days, in of 393 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 334 cases where MLPX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .