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MORT Stock Tickeron detected bullish ETF Pattern: Wedge Rising MORT on January 27, 2025, netting in a 5.37% gain over 3 weeks

A.I.dvisor
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+5.37% Gain from a Successful pattern Wedge Rising
MORT - VanEck Mortgage REIT Income ETF
Tickeron
Ticker: MORT
Company: VanEck Mortgage REIT Income ETF
Gain: +5.37%
Confirmed: 01/27/25
Succeeded: 02/19/25
Total length: 23 days
On January 27, 2025, A.I.dvisor detected a Wedge Rising Pattern (Bullish) for VanEck Mortgage REIT Income ETF (MORT, $10.99). On January 27, 2025, A.I.dvisor confirmed the Bullish pattern, setting a target price of $11.63. 23 days later, on February 19, 2025, MORT reached the target price resulting in a for traders who took a long position in the stock.

MORT's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for MORT turned positive on January 15, 2025. Looking at past instances where MORT's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

MORT moved above its 50-day moving average on January 24, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MORT crossed bullishly above the 50-day moving average on January 28, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 MORT advanced for three days, in of 302 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 254 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 10-day RSI Indicator for MORT moved out of overbought territory on February 21, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 29 similar instances where the indicator moved out of overbought territory. In of the 29 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

MORT broke above its upper Bollinger Band on February 06, 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.

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MORT
Daily Signalchanged days ago
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