SGLC Stock Tickeron detected bullish ETF Pattern: Pennant on October 22, 2024

GET DAILY SIGNALS

Get AI intraday signals

SGLC - SGI U.S. Large Cap Core ETF

Emerged: 10/22/24

Breakout: $35.99

Price: $35.56

Target price: $37.29

Aroon Indicator for SGLC shows an upward move is likely

SGLC's Aroon Indicator triggered a bullish signal on October 23, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 160 similar instances where the Aroon Indicator showed a similar pattern. In of the 160 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on SGLC as a result. In of 20 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 SGLC just turned positive on November 07, 2024. Looking at past instances where SGLC's MACD turned positive, the stock continued to rise in of 14 cases over the following month. The odds of a continued upward trend are .

SGLC 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 SGLC advanced for three days, in of 108 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for SGLC moved out of overbought territory on November 11, 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 17 similar instances where the indicator moved out of overbought territory. In of the 17 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

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

SGLC broke above its upper Bollinger Band on November 07, 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.