Question 1

What implications does the 10-day RSI indicator have for WEIX?

Accepted Answer

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where WEIX's RSI Indicator exited the oversold zone, 14 of 15 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.

Question 2

What does the Stochastic Oscillator suggest about WEIX's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Question 3

How did WEIX's Momentum indicator behave recently?

Accepted Answer

WEIX saw its Momentum Indicator move below the 0 level on September 03, 2024. 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 36 similar instances where the indicator turned negative. In 28 of the 36 cases, the stock moved further down in the following days. The odds of a decline are at 78%.

Question 4

What does MACD indicator imply for WEIX?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for WEIX turned negative on September 06, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 21 similar instances when the indicator turned negative. In 14 of the 21 cases the stock turned lower in the days that followed. This puts the odds of success at 67%.

Question 5

What does a 3-day price advance indicate for WEIX?

Accepted Answer

Following a +1.74% 3-day Advance, the price is estimated to grow further. Considering data from situations where WEIX advanced for three days, in 211 of 239 cases, the price rose further within the following month. The odds of a continued upward trend are 88%.

Question 6

What does a 3-day decline signify for WEIX's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where WEIX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 72%.

Question 7

What does WEIX breaking above its upper Bollinger Band indicate?

Accepted Answer

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

WEIX Stock Dynamic Short Short-Term Volatil Fut ETF (WEIX, $30.67) RSI Indicator left the overbought zone on July 01, 2024

Momentum Indicator for WEIX turns negative, indicating new downward trend

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