PSEP Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on January 05, 2024

GET DAILY SIGNALS

Get AI intraday signals

PSEP - Innovator US Equity Power Buffer ETF-Sep

Emerged: 01/05/24

Breakout: $34.45

Price: $34.41

Target price: $34.11

PSEP's Stochastic Oscillator remains in overbought zone for 3 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for PSEP moved out of overbought territory on October 01, 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 49 similar instances where the indicator moved out of overbought territory. In of the 49 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

PSEP broke above its upper Bollinger Band on October 14, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 09, 2024. You may want to consider a long position or call options on PSEP as a result. In of 59 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 PSEP just turned positive on October 11, 2024. Looking at past instances where PSEP's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

PSEP moved above its 50-day moving average on September 11, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PSEP crossed bullishly above the 50-day moving average on September 17, 2024. 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 PSEP advanced for three days, in of 370 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 497 cases where PSEP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .