RAYS Stock Tickeron detected bullish ETF Pattern: Broadening Wedge Descending on January 10, 2025

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RAYS - Global X Solar ETF

Emerged: 01/10/25

Breakout: $9.48

Price: $8.98

Target price: $9.53

RAYS's Stochastic Oscillator slumps oversold zone

The Stochastic Oscillator for RAYS moved into oversold territory on January 29, 2025. Be on the watch for the price uptrend or consolidation in the future. At that time, consider buying the stock or exploring call options.

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RAYS advanced for three days, in of 162 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

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

The Aroon Indicator for RAYS entered a downward trend on January 27, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.