SIXL Stock ETC 6 Meridian Low Beta Eq Strat ETF (SIXL, $38.37) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 6, 2024

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SIXL - ETC 6 Meridian Low Beta Eq Strat ETF

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Odds of UP Trend

Price: $38.37

Daily change: +$1 (+2.68%)

Daily volume: 19.1K

Net Assets: $179.4M

Momentum Indicator for SIXL turns positive, indicating new upward trend

SIXL saw its Momentum Indicator move above the 0 level on November 06, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 66 similar instances where the indicator turned positive. In of the 66 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for SIXL just turned positive on November 06, 2024. Looking at past instances where SIXL's MACD turned positive, the stock continued to rise in of 37 cases over the following month. The odds of a continued upward trend are .

SIXL 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.

The 10-day moving average for SIXL crossed bullishly above the 50-day moving average on November 06, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 SIXL advanced for three days, in of 312 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 278 cases where SIXL 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 RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator has been in the overbought zone for 1 day. 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 SIXL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SIXL 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.