UAE Stock Tickeron detected bullish ETF Pattern: Broadening Top UAE on October 28, 2024, netting in a 1.66% gain over 2 weeks

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UAE - iShares MSCI UAE ETF

Ticker: UAE

Company: iShares MSCI UAE ETF

Gain: +1.66%

Confirmed: 10/28/24

Succeeded: 11/11/24

Total length: 14 days

UAE in upward trend: 10-day moving average moved above 50-day moving average on November 06, 2024

The 10-day moving average for UAE crossed bullishly above the 50-day moving average on November 06, 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 .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 28, 2024. You may want to consider a long position or call options on UAE as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for UAE just turned positive on October 29, 2024. Looking at past instances where UAE's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

UAE moved above its 50-day moving average on October 28, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UAE advanced for three days, in of 298 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 320 cases where UAE 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 67 cases where UAE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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

UAE broke above its upper Bollinger Band on October 29, 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.