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PSTP Stock Tickeron detected bullish ETF Pattern: Cup-and-Handle on March 23, 2023

A.I.dvisor
at Tickeron.com
04/01/23
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Cup-and-Handle
PSTP - Innovator Power Buffer Step-Up Stgy ETF
Tickeron
Emerged: 03/23/23
Confirmed: 03/29/23
Breakout: $25.6
Price: $25.77
Target price: $26.19
A.I.dvisor detected a bullish Cup-and-Handle pattern for PSTP stock. This pattern was detected on March 23, 2023 and confirmed on March 29, 2023 . The odds of reaching the target price are 6. The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”-like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. Consider buying a security or call option at the upward breakout price/entry point. The confirmation move is when the security moves past the breakout price above the right cup lip.

Momentum Indicator for PSTP turns positive, indicating new upward trend

PSTP saw its Momentum Indicator move above the 0 level on November 06, 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 34 similar instances where the indicator turned positive. In of the 34 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for PSTP just turned positive on November 07, 2024. Looking at past instances where PSTP's MACD turned positive, the stock continued to rise in of 24 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 PSTP advanced for three days, in of 182 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 241 cases where PSTP 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 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 PSTP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PSTP broke above its upper Bollinger Band on November 07, 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.

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PSTP
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Academy Funds Trust123 South Broad Street, Suite 1630Philadelphia
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(215) 979-3750
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www.innovatorfunds.com