NLR Stock VanEck Uranium & Nuclear ETF (NLR, $95.97) price may drop as it broke higher Bollinger Band on Nov 21, 2024

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NLR - VanEck Uranium & Nuclear ETF

Bollinger signal

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Odds of DOWN Trend

Price: $95.97

Daily change: +$3.56 (+3.85%)

Daily volume: 387.3K

Net Assets: $644.5M

NLR's RSI Indicator recovers from overbought zone

The 10-day RSI Indicator for NLR moved out of overbought territory on October 23, 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 51 instances where the indicator moved out of the overbought zone. In of the 51 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 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NLR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

NLR 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 18, 2024. You may want to consider a long position or call options on NLR as a result. In of 91 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 NLR just turned positive on November 21, 2024. Looking at past instances where NLR's MACD turned positive, the stock continued to rise in of 45 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 NLR 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 285 cases where NLR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .