SLVP Stock Tickeron detected bullish ETF Pattern: Rectangle Top SLVP on September 20, 2024, netting in a 5.15% gain over 4 weeks

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SLVP - iShares MSCI Global Silver&Mtls Mnrs ETF

Ticker: SLVP

Company: iShares MSCI Global Silver&Mtls Mnrs ETF

Gain: +5.15%

Confirmed: 09/20/24

Succeeded: 10/17/24

Total length: 28 days

Momentum Indicator for SLVP turns positive, indicating new upward trend

SLVP saw its Momentum Indicator move above the 0 level on October 11, 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 79 similar instances where the indicator turned positive. In of the 79 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 SLVP just turned positive on October 16, 2024. Looking at past instances where SLVP's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for SLVP crossed bullishly above the 50-day moving average on September 19, 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 SLVP advanced for three days, in of 301 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 229 cases where SLVP 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 demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 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 SLVP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SLVP 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.