SPD Stock Tickeron detected bullish ETF Pattern: Head-and-Shoulders Bottom SPD on September 19, 2024, netting in a 9.21% gain over 3 months

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SPD - Simplify US Equity PLUS Dwnsd Cnvxty ETF

Ticker: SPD

Company: Simplify US Equity PLUS Dwnsd Cnvxty ETF

Gain: +9.21%

Confirmed: 09/19/24

Succeeded: 12/04/24

Total length: 92 days

SPD's RSI Indicator recovers from overbought zone

The 10-day RSI Oscillator for SPD moved out of overbought territory on December 05, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 instances where the indicator moved out of the overbought zone. In of the 33 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 48 cases where SPD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for SPD turned negative on December 12, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

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

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 29, 2024. You may want to consider a long position or call options on SPD as a result. In of 62 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 SPD advanced for three days, in of 270 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 286 cases where SPD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .