SVAL Stock iShares US Small Cap Value Factor ETF (SVAL, $31.9) price moved above its 50-day Moving Average on October 04, 2024

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SVAL - iShares US Small Cap Value Factor ETF

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Odds of UP Trend

Price: $31.9

Daily change: +$0.4 (+1.27%)

Daily volume: 10.8K

Net Assets: $138.6M

SVAL's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for SVAL turned positive on October 11, 2024. Looking at past instances where SVAL's MACD turned positive, the stock continued to rise in of 35 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 11, 2024. You may want to consider a long position or call options on SVAL as a result. In of 61 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

SVAL moved above its 50-day moving average on October 04, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SVAL crossed bullishly above the 50-day moving average on September 23, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 SVAL advanced for three days, in of 223 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator has been in the overbought zone for 2 days. 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 SVAL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SVAL broke above its upper Bollinger Band on October 11, 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.