UTSL Stock Direxion Daily Utilities Bull 3X ETF (UTSL, $38.35) price moved above its 50-day Moving Average on November 19, 2024
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Momentum Indicator for UTSL turns positive, indicating new upward trend
UTSL saw its Momentum Indicator move above the 0 level on November 15, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 94 similar instances where the indicator turned positive. In of the 94 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for UTSL just turned positive on November 18, 2024. Looking at past instances where UTSL's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
UTSL moved above its 50-day moving average on November 19, 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 UTSL advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The 10-day moving average for UTSL crossed bearishly below the 50-day moving average on November 06, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 UTSL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
UTSL broke above its upper Bollinger Band on November 21, 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.
The Aroon Indicator for UTSL entered a downward trend on November 15, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Trading