MORT Stock VanEck Mortgage REIT Income ETF (MORT, $11.23) entered Downtrend as Momentum indicator drops below 0 level on Nov 21, 2024

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MORT - VanEck Mortgage REIT Income ETF

Momentum signal

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Odds of DOWN Trend

Price: $11.23

Daily change: +$0.1 (+0.9%)

Daily volume: 230.3K

Net Assets: $295.1M

MORT saw its Stochastic Oscillator leaves the overbought zone

The Stochastic Oscillator for MORT moved out of overbought territory on November 12, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 72 similar instances where the indicator exited the overbought zone. In of the 72 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MORT as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

MORT moved below its 50-day moving average on October 21, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MORT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for MORT entered a downward trend on November 15, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for MORT just turned positive on November 19, 2024. Looking at past instances where MORT's MACD turned positive, the stock continued to rise in of 40 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 MORT advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .