WDNA Stock Tickeron detected bearish ETF Pattern: Triangle Descending on January 11, 2024

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WDNA - WisdomTree BioRevolution ETF

Emerged: 01/11/24

Breakout: $16.34

Price: $16.42

Target price: $15.52

WDNA's Stochastic Oscillator soars into overbought zone

The Stochastic Oscillator for WDNA moved into overbought territory on November 11, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Technical Analysis (Indicators)

Bearish Trend Analysis

The 50-day moving average for WDNA moved below the 200-day moving average on October 30, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

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

WDNA broke above its upper Bollinger Band on November 07, 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 WDNA entered a downward trend on November 05, 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.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where WDNA's RSI Oscillator exited the oversold zone, of 21 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on WDNA as a result. In of 53 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 WDNA just turned positive on November 05, 2024. Looking at past instances where WDNA's MACD turned positive, the stock continued to rise in of 26 cases over the following month. The odds of a continued upward trend are .

WDNA moved above its 50-day moving average on November 07, 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 WDNA advanced for three days, in of 199 cases, the price rose further within the following month. The odds of a continued upward trend are .