MVRL Stock ETRACS Mnthly Py 1.5X Lvgd Mtg REIT ETN (MVRL, $17.74) Stochastic Oscillator left the overbought zone on October 17, 2024
MVRL's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Oscillator for MVRL moved out of overbought territory on September 20, 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 27 instances where the indicator moved out of the overbought zone. In of the 27 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 has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The 10-day moving average for MVRL crossed bearishly below the 50-day moving average on October 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 MVRL 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 Momentum Indicator moved above the 0 level on October 15, 2024. You may want to consider a long position or call options on MVRL as a result. In of 83 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 MVRL just turned positive on October 17, 2024. Looking at past instances where MVRL's MACD turned positive, the stock continued to rise in of 36 cases over the following month. The odds of a continued upward trend are .
MVRL moved above its 50-day moving average on October 14, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MVRL advanced for three days, in of 280 cases, the price rose further within the following month. The odds of a continued upward trend are .
MVRL 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 213 cases where MVRL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Trading