OVM Stock Overlay Shares Municipal Bond ETF (OVM, $21.69) RSI Indicator left the oversold zone on April 26, 2024

GET DAILY SIGNALS

Get AI intraday signals

OVM - Overlay Shares Municipal Bond ETF

RSI signal

View

Odds of UP Trend

Price: $21.69

Daily change: +$0.11 (+0.49%)

Daily volume: 6.2K

Net Assets: $20.7M

OVM sees its Stochastic Oscillator recovers from oversold territory

On October 11, 2024, the Stochastic Oscillator for OVM moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 48 instances where the indicator left the oversold zone. In of the 48 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 18, 2024. You may want to consider a long position or call options on OVM as a result. In of 70 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 OVM advanced for three days, in of 391 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 299 cases where OVM 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 OVM moved out of overbought territory on October 04, 2024. 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 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for OVM turned negative on October 04, 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 45 similar instances when the indicator turned negative. In of the 45 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 OVM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

OVM broke above its upper Bollinger Band on October 02, 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.