WGMI Stock Valkyrie Bitcoin Miners ETF (WGMI, $16.94) Aroon Indicator entered a Downtrend on August 14, 2024.

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WGMI - Valkyrie Bitcoin Miners ETF

Aroon signal

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Odds of DOWN Trend

Price: $16.94

Daily change: -$0.32 (-1.85%)

Daily volume: 210.4K

Net Assets: $106.2M

WGMI's RSI Oscillator recovers from overbought zone

The 10-day RSI Oscillator for WGMI moved out of overbought territory on November 13, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 17 instances where the indicator moved out of the overbought zone. In of the 17 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 31 cases where WGMI's Stochastic Oscillator exited the overbought zone, the price fell further within 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 WGMI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

WGMI broke above its upper Bollinger Band on November 11, 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 06, 2024. You may want to consider a long position or call options on WGMI as a result. In of 44 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 WGMI just turned positive on November 07, 2024. Looking at past instances where WGMI's MACD turned positive, the stock continued to rise in of 25 cases over the following month. The odds of a continued upward trend are .

WGMI moved above its 50-day moving average on October 11, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where WGMI advanced for three days, in of 140 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 140 cases where WGMI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .