WFH Stock Direxion Work From Home ETF (WFH, $63.73) RSI Indicator left the overbought zone on November 14, 2024

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WFH - Direxion Work From Home ETF

RSI signal

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Odds of DOWN Trend

Price: $63.73

Daily change: -$0.69 (-1.07%)

Daily volume: 1.2K

Net Assets: $25.8M

WFH's Stochastic Oscillator is sitting in overbought zone for 7 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for WFH moved out of overbought territory on November 14, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

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

WFH broke above its upper Bollinger Band on November 06, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 05, 2024. You may want to consider a long position or call options on WFH as a result. In of 77 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 WFH just turned positive on November 07, 2024. Looking at past instances where WFH's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WFH advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 225 cases where WFH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .