OBTC Stock Osprey Bitcoin Trust (OBTC, $33.25) Aroon Indicator entered an Uptrend on December 17, 2024.

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OBTC - Osprey Bitcoin Trust

Aroon signal

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Odds of UP Trend

Price: $33.25

Daily change: +$0.15 (+0.45%)

Daily volume: 6.3K

Net Assets: $136.7M

Momentum Indicator for OBTC turns positive, indicating new upward trend

OBTC saw its Momentum Indicator move above the 0 level on December 10, 2024. 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 60 similar instances where the indicator turned positive. In of the 60 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 OBTC just turned positive on December 17, 2024. Looking at past instances where OBTC's MACD turned positive, the stock continued to rise in of 35 cases 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 OBTC advanced for three days, in of 214 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 132 cases where OBTC 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 RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OBTC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

OBTC broke above its upper Bollinger Band on December 16, 2024. 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.