MENU

MORT Stock Tickeron detected bearish ETF Pattern: Broadening Top MORT on December 17, 2024, netting in a 5.35% gain over 3 weeks

A.I.dvisor
at Tickeron.com
Loading...
+5.35% Gain from a Successful pattern Broadening Top
MORT - VanEck Mortgage REIT Income ETF
Tickeron
Ticker: MORT
Company: VanEck Mortgage REIT Income ETF
Gain from shortening: +5.35%
Confirmed: 12/17/24
Succeeded: 12/19/24
Total length: 24 days
On November 25, 2024, A.I.dvisor detected a Broadening Top Pattern (Bearish) for VanEck Mortgage REIT Income ETF (MORT, $11.41). 22 days later, on December 17, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On December 19, 2024, the stock hit the target price of $10.77 – resulting in a gain for traders who shorted the stock on the pattern detection date.

MORT's RSI Oscillator climbs out of oversold territory

The RSI Oscillator for MORT moved out of oversold territory on December 20, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In of the 22 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MORT advanced for three days, in of 317 cases, the price rose further within the following month. The odds of a continued upward trend are .

MORT 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 266 cases where MORT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MORT as a result. In of 92 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 MORT turned negative on December 17, 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 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .

MORT 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.

The 10-day moving average for MORT crossed bearishly below the 50-day moving average on December 19, 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 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 .

View a ticker or compare two or three
MORT
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category RealEstate

Profile
Fundamentals
Details
Category
Real Estate
Address
335 Madison Ave.19th FloorNew York
Phone
888-658-8287
Web
www.marketvectorsetfs.com