REAI Stock Tickeron detected bullish ETF Pattern: Cup-and-Handle on October 23, 2024

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REAI - Intelligent Real Estate ETF

Emerged: 10/23/24

Breakout: $22.9

Price: $22.62

Target price: $23.69

Momentum Indicator for REAI turns positive, indicating new upward trend

REAI saw its Momentum Indicator move above the 0 level on November 08, 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 20 similar instances where the indicator turned positive. In of the 20 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 REAI just turned positive on November 08, 2024. Looking at past instances where REAI's MACD turned positive, the stock continued to rise in of 15 cases over the following month. The odds of a continued upward trend are .

REAI moved above its 50-day moving average on November 08, 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 REAI advanced for three days, in of 96 cases, the price rose further within the following month. The odds of a continued upward trend are .

REAI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

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