RWJ Stock Invesco S&P SmallCap 600 Revenue ETF (RWJ, $46.86) Stochastic Oscillator left the overbought zone on November 15, 2024

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RWJ - Invesco S&P SmallCap 600 Revenue ETF

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Odds of DOWN Trend

Price: $46.86

Daily change: -$0.37 (-0.78%)

Daily volume: 173.7K

Net Assets: $1.7B

RWJ's RSI Indicator recovers from overbought zone

The 10-day RSI Indicator for RWJ moved out of overbought territory on November 12, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 instances where the indicator moved out of the overbought zone. In of the 39 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 68 cases where RWJ's Stochastic Oscillator exited the overbought zone, the price fell further within 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 RWJ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

RWJ broke above its upper Bollinger Band on November 06, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 05, 2024. You may want to consider a long position or call options on RWJ as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for RWJ just turned positive on November 06, 2024. Looking at past instances where RWJ's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .

RWJ 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 RWJ advanced for three days, in of 304 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 255 cases where RWJ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .