NVDY Stock Tickeron detected bearish ETF Pattern: Rectangle Bottom NVDY on November 25, 2024, netting in a 1.02% gain over 2 weeks

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NVDY - YieldMax NVDA Option Income Strategy ETF

Ticker: NVDY

Company: YieldMax NVDA Option Income Strategy ETF

Gain from shortening: +1.02%

Confirmed: 11/25/24

Succeeded: 12/09/24

Total length: 14 days

NVDY in downward trend: price dove below 50-day moving average on December 12, 2024

NVDY moved below its 50-day moving average on December 12, 2024 date and that indicates a change from an upward trend to a downward trend. In of 13 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NVDY as a result. In of 24 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

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 .

The 10-day moving average for NVDY crossed bearishly below the 50-day moving average on December 17, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 6 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 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 Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDY advanced for three days, in of 134 cases, the price rose further within the following month. The odds of a continued upward trend are .

NVDY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 124 cases where NVDY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .