NVDD Stock Tickeron detected bullish ETF Pattern: Wedge Rising NVDD on December 16, 2024, netting in a 8.70% gain over 1 month

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NVDD - Direxion Daily NVDA Bear 1X ETF

Ticker: NVDD

Company: Direxion Daily NVDA Bear 1X ETF

Gain: +8.7%

Confirmed: 12/16/24

Succeeded: 01/27/25

Total length: 45 days

Momentum Indicator for NVDD turns positive, indicating new upward trend

NVDD saw its Momentum Indicator move above the 0 level on February 25, 2025. 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 21 similar instances where the indicator turned positive. In of the 21 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 NVDD just turned positive on February 25, 2025. Looking at past instances where NVDD's MACD turned positive, the stock continued to rise in of 11 cases over the following month. The odds of a continued upward trend are .

NVDD moved above its 50-day moving average on February 27, 2025 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 NVDD advanced for three days, in of 64 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 20 cases where NVDD 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 Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The 10-day moving average for NVDD crossed bearishly below the 50-day moving average on February 18, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 4 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 NVDD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

NVDD broke above its upper Bollinger Band on February 27, 2025. 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.