MSOS Stock Tickeron detected bearish ETF Pattern: Three Falling Peaks MSOS on November 05, 2024, netting in a 43.75% gain over 1 month

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MSOS - AdvisorShares Pure US Cannabis ETF

Ticker: MSOS

Company: AdvisorShares Pure US Cannabis ETF

Gain from shortening: +43.75%

Confirmed: 11/05/24

Succeeded: 11/11/24

Total length: 48 days

Momentum Indicator for MSOS turns negative, indicating new downward trend

MSOS saw its Momentum Indicator move below the 0 level on November 05, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 61 similar instances where the indicator turned negative. In of the 61 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for MSOS turned negative on October 29, 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 34 similar instances when the indicator turned negative. In of the 34 cases the stock turned lower in the days that followed. This puts the odds of success at .

MSOS moved below its 50-day moving average on November 05, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for MSOS crossed bearishly below the 50-day moving average on November 06, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 MSOS 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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MSOS's RSI Indicator exited the oversold zone, of 34 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where MSOS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where MSOS advanced for three days, in of 216 cases, the price rose further within the following month. The odds of a continued upward trend are .

MSOS 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 115 cases where MSOS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .