SPMD Stock Tickeron detected bullish ETF Pattern: Triangle Descending SPMD on November 05, 2024, netting in a 6.19% gain over 6 days

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SPMD - SPDR® Portfolio S&P 400™ Mid Cap ETF

Ticker: SPMD

Company: SPDR® Portfolio S&P 400™ Mid Cap ETF

Gain: +6.19%

Confirmed: 11/05/24

Succeeded: 11/06/24

Total length: 6 days

Momentum Indicator for SPMD turns positive, indicating new upward trend

SPMD saw its Momentum Indicator move above the 0 level on November 05, 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 89 similar instances where the indicator turned positive. In of the 89 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 SPMD just turned positive on November 06, 2024. Looking at past instances where SPMD's MACD turned positive, the stock continued to rise in of 50 cases 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 SPMD advanced for three days, in of 333 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 313 cases where SPMD 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 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

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

SPMD 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.