SHNY Stock Tickeron detected bullish ETF Pattern: Broadening Wedge Ascending SHNY on January 21, 2025, netting in a 10.46% gain over 2 weeks

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SHNY - MicroSectors™ Gold 3X Leveraged ETN

Ticker: SHNY

Company: MicroSectors™ Gold 3X Leveraged ETN

Gain: +10.46%

Confirmed: 01/21/25

Succeeded: 02/04/25

Total length: 14 days

SHNY in upward trend: price rose above 50-day moving average on January 15, 2025

SHNY moved above its 50-day moving average on January 15, 2025 date and that indicates a change from a downward trend to an upward trend. In of 18 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The 10-day moving average for SHNY crossed bullishly above the 50-day moving average on January 17, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SHNY advanced for three days, in of 126 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 62 cases where SHNY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for SHNY moved out of overbought territory on February 14, 2025. 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 16 similar instances where the indicator moved out of overbought territory. In of the 16 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

SHNY broke above its upper Bollinger Band on February 10, 2025. 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.