RDIV Stock Tickeron detected bullish ETF Pattern: Cup-and-Handle RDIV on October 14, 2024, netting in a 4.67% gain over 1 month

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RDIV - Invesco S&P Ultra Dividend Revenue ETF

Ticker: RDIV

Company: Invesco S&P Ultra Dividend Revenue ETF

Gain: +4.67%

Confirmed: 10/14/24

Succeeded: 11/11/24

Total length: 47 days

Momentum Indicator for RDIV turns positive, indicating new upward trend

RDIV 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 81 similar instances where the indicator turned positive. In of the 81 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 RDIV just turned positive on November 07, 2024. Looking at past instances where RDIV's MACD turned positive, the stock continued to rise in of 37 cases over the following month. The odds of a continued upward trend are .

RDIV moved above its 50-day moving average on November 05, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RDIV advanced for three days, in of 352 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 RDIV 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 RDIV moved out of overbought territory on October 21, 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 42 similar instances where the indicator moved out of overbought territory. In of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 67 cases where RDIV's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

RDIV broke above its upper Bollinger Band on November 11, 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.