SGDJ Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Ascending SGDJ on November 11, 2024, netting in a 9.89% gain over 3 weeks

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SGDJ - Sprott Junior Gold Miners ETF

Ticker: SGDJ

Company: Sprott Junior Gold Miners ETF

Gain from shortening: +9.89%

Confirmed: 11/11/24

Succeeded: 11/11/24

Total length: 24 days

SGDJ in downward trend: 10-day moving average broke below 50-day moving average on November 14, 2024

The 10-day moving average for SGDJ crossed bearishly below the 50-day moving average on November 14, 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 .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 31, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SGDJ as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for SGDJ turned negative on October 31, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

SGDJ moved below its 50-day moving average on November 11, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SGDJ 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 Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SGDJ advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

The Aroon Indicator entered an Uptrend today. In of 222 cases where SGDJ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .