UGA Stock United States Gasoline (UGA, $62.53) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 19, 2024

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UGA - United States Gasoline

MACD signal

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Odds of UP Trend

Price: $62.53

Daily change: +$0.34 (+0.55%)

Daily volume: 60.3K

Net Assets: $105.7M

UGA's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for UGA turned positive on November 19, 2024. Looking at past instances where UGA's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

UGA moved above its 50-day moving average on November 18, 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 UGA advanced for three days, in of 386 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

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

The Momentum Indicator moved below the 0 level on November 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on UGA as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 UGA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .