UMMA Stock Wahed Dow Jones Islamic World ETF (UMMA, $25.75) Aroon Indicator entered an Uptrend on February 20, 2025.
at Tickeron.com
UMMA in upward trend: 10-day moving average broke above 50-day moving average on January 23, 2025
The 10-day moving average for UMMA crossed bullishly above the 50-day moving average on January 23, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 8 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 February 10, 2025. You may want to consider a long position or call options on UMMA as a result. In of 44 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 UMMA just turned positive on January 15, 2025. Looking at past instances where UMMA's MACD turned positive, the stock continued to rise in of 27 cases over the following month. The odds of a continued upward trend are .
UMMA moved above its 50-day moving average on January 21, 2025 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 UMMA advanced for three days, in of 172 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 147 cases where UMMA 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 10-day RSI Indicator for UMMA moved out of overbought territory on January 27, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 19 similar instances where the indicator moved out of overbought territory. In of the 19 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UMMA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
UMMA broke above its upper Bollinger Band on January 21, 2025. 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.
General Information
Category ForeignLargeGrowth