SLVO Stock Credit Suisse X-Links Silver CovCall ETN (SLVO, $85.22) Aroon Indicator entered an Uptrend on October 18, 2024.

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SLVO - Credit Suisse X-Links Silver CovCall ETN

Aroon signal

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Odds of UP Trend

Price: $85.22

Daily change: +$2.95 (+3.59%)

Daily volume: 121K

Net Assets: $107.3M

SLVO's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for SLVO turned positive on October 16, 2024. Looking at past instances where SLVO's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 10, 2024. You may want to consider a long position or call options on SLVO as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 SLVO advanced for three days, in of 330 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 300 cases where SLVO 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 demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

SLVO broke above its upper Bollinger Band on October 18, 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.