NOVZ Stock TrueShares Structured Outcome Nov ETF (NOVZ, $41.82) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 7, 2024
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NOVZ in upward trend: price may jump up because it broke its lower Bollinger Band on October 31, 2024
NOVZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 27 cases where NOVZ's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
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 NOVZ as a result. In of 57 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 NOVZ just turned positive on November 07, 2024. Looking at past instances where NOVZ's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
NOVZ moved above its 50-day moving average on November 05, 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 NOVZ advanced for three days, in of 286 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 304 cases where NOVZ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for NOVZ moved out of overbought territory on November 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 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 NOVZ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
General Information
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