URNJ Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Top URNJ on December 11, 2024, netting in a 30.45% gain over 2 months

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URNJ - Sprott Junior Uranium Miners ETF

Ticker: URNJ

Company: Sprott Junior Uranium Miners ETF

Gain from shortening: +30.45%

Confirmed: 12/11/24

Succeeded: 02/27/25

Total length: 84 days

Momentum Indicator for URNJ turns negative, indicating new downward trend

URNJ saw its Momentum Indicator move below the 0 level on February 11, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator turned negative. In of the 31 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

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

The Aroon Indicator for URNJ entered a downward trend on March 12, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where URNJ's RSI Indicator exited the oversold zone, of 11 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 20 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 URNJ advanced for three days, in of 128 cases, the price rose further within the following month. The odds of a continued upward trend are .

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