UNOV Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on January 06, 2025

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UNOV - Innovator US Equity Ultra Buffer ETF Nov

Emerged: 01/06/25

Breakout: $34.57

Price: $34.87

Target price: $34.14

UNOV's Indicator enters downward trend

The Aroon Indicator for UNOV entered a downward trend on January 08, 2025. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 88 similar instances where the Aroon Indicator formed such a pattern. In of the 88 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 08, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on UNOV as a result. In of 84 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 UNOV 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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 42 cases where UNOV's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

UNOV moved above its 50-day moving average on January 03, 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 UNOV advanced for three days, in of 366 cases, the price rose further within the following month. The odds of a continued upward trend are .

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