ROOF Stock NYLI CBRE NextGen Real Estate ETF (ROOF, $20.59) Aroon Indicator entered a Downtrend on November 15, 2024.

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ROOF - NYLI CBRE NextGen Real Estate ETF

Aroon signal

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Odds of DOWN Trend

Price: $20.59

Daily change: +$0.02 (+0.12%)

Daily volume: 363

Net Assets: $36.6M

ROOF's Indicator enters downward trend

The Aroon Indicator for ROOF entered a downward trend on November 15, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 174 similar instances where the Aroon Indicator formed such a pattern. In of the 174 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 28, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ROOF as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

ROOF moved below its 50-day moving average on October 24, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ROOF crossed bearishly below the 50-day moving average on October 15, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ROOF's RSI Oscillator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ROOF advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .

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