MTUM Stock iShares MSCI USA Momentum Factor ETF (MTUM, $212.51) RSI Indicator left the overbought zone on November 12, 2024

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MTUM - iShares MSCI USA Momentum Factor ETF

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Odds of DOWN Trend

Price: $212.51

Daily change: -$1.09 (-0.51%)

Daily volume: 1.2M

Net Assets: $12.9B

MTUM's RSI Oscillator peaks and leaves overbought zone

The 10-day RSI Indicator for MTUM moved out of overbought territory on November 12, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 48 instances where the indicator moved out of the overbought zone. In of the 48 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 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 MTUM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MTUM broke above its upper Bollinger Band on November 08, 2024. 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on MTUM as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MTUM just turned positive on November 08, 2024. Looking at past instances where MTUM's MACD turned positive, the stock continued to rise in of 51 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 MTUM advanced for three days, in of 362 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 350 cases where MTUM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .