TSDD Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Bottom TSDD on September 05, 2024, netting in a 3.34% gain over 1 month

GET DAILY SIGNALS

Get AI intraday signals

TSDD - GraniteShares 2x Short TSLA Daily ETF

Ticker: TSDD

Company: GraniteShares 2x Short TSLA Daily ETF

Gain from shortening: +3.34%

Confirmed: 09/05/24

Succeeded: 10/23/24

Total length: 49 days

TSDD sees MACD Histogram just turned negative

TSDD saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 24, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 10 instances where the indicator turned negative. In of the 10 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 24, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TSDD as a result. In of 17 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

TSDD moved below its 50-day moving average on October 24, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TSDD 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 RSI Indicator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TSDD advanced for three days, in of 58 cases, the price rose further within the following month. The odds of a continued upward trend are .

TSDD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.