NDIV Stock Tickeron detected bullish ETF Pattern: Broadening Wedge Descending NDIV on November 20, 2024, netting in a 8.88% gain over 3 months

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NDIV - Amplify Natural Resources Div Inc ETF

Ticker: NDIV

Company: Amplify Natural Resources Div Inc ETF

Gain: +8.88%

Confirmed: 11/20/24

Succeeded: 11/20/24

Total length: 107 days

Momentum Indicator for NDIV turns positive, indicating new upward trend

NDIV saw its Momentum Indicator move above the 0 level on November 06, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator turned positive. In of the 35 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for NDIV just turned positive on November 06, 2024. Looking at past instances where NDIV's MACD turned positive, the stock continued to rise in of 21 cases over the following month. The odds of a continued upward trend are .

NDIV moved above its 50-day moving average on November 13, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for NDIV crossed bullishly above the 50-day moving average on November 14, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 10 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 NDIV advanced for three days, in of 176 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 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 NDIV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

NDIV broke above its upper Bollinger Band on November 21, 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.

The Aroon Indicator for NDIV entered a downward trend on November 12, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.