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NXTG Stock Tickeron detected bullish ETF Pattern: Three Rising Valleys NXTG on January 21, 2025, netting in a 6.93% gain over 1 month

A.I.dvisor
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+6.93% Gain from a Successful pattern Three Rising Valleys
NXTG - First Trust IndXX NextG ETF
Tickeron
Ticker: NXTG
Company: First Trust IndXX NextG ETF
Gain: +6.93%
Confirmed: 01/21/25
Succeeded: 02/20/25
Total length: 49 days
On January 02, 2025, A.I.dvisor detected a Three Rising Valleys Pattern (Bullish) for First Trust IndXX NextG ETF (NXTG, $84.98). On January 21, 2025, A.I.dvisor confirmed the Bullish pattern, setting a target price of $91.23. 30 days later, on February 20, 2025, NXTG reached the target price resulting in a for traders who took a long position in the stock.

NXTG in upward trend: price rose above 50-day moving average on January 15, 2025

NXTG moved above its 50-day moving average on January 15, 2025 date and that indicates a change from a downward trend to an upward trend. In of 34 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 10, 2025. You may want to consider a long position or call options on NXTG as a result. In of 78 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 NXTG just turned positive on February 05, 2025. Looking at past instances where NXTG's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for NXTG crossed bullishly above the 50-day moving average on January 17, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 NXTG advanced for three days, in of 336 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 320 cases where NXTG 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 NXTG moved out of overbought territory on February 21, 2025. 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 41 similar instances where the indicator moved out of overbought territory. In of the 41 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 10 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 NXTG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

NXTG broke above its upper Bollinger Band on January 21, 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.

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NXTG
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Address
First Trust Exchange-Traded Fund II12o East Liberty Drive, Suite 400Wheaton
Phone
630-241-4141
Web
www.ftportfolios.com