NVDY Stock Tickeron detected bearish ETF Pattern: Pennant NVDY on July 16, 2024, netting in a 10.87% gain over 1 week

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NVDY - YieldMax NVDA Option Income Strategy ETF

Ticker: NVDY

Company: YieldMax NVDA Option Income Strategy ETF

Gain from shortening: +10.87%

Confirmed: 07/16/24

Succeeded: 07/25/24

Total length: 10 days

NVDY's RSI Oscillator leaves overbought zone

The 10-day RSI Oscillator for NVDY moved out of overbought territory on October 30, 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 10 instances where the indicator moved out of the overbought zone. In of the 10 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 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.

The Moving Average Convergence Divergence Histogram (MACD) for NVDY turned negative on November 13, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 11 similar instances when the indicator turned negative. In of the 11 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NVDY 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 November 06, 2024. You may want to consider a long position or call options on NVDY as a result. In of 23 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 NVDY advanced for three days, in of 127 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 113 cases where NVDY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .