WGMI Stock Tickeron detected bullish ETF Pattern: Triangle Symmetrical Bottom on February 19, 2025

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WGMI - CoinShares Bitcoin Miners ETF

Emerged: 02/19/25

Breakout: $23.5

Price: $22.78

Target price: $26.22

WGMI sees its Stochastic Oscillator ascending out of oversold territory

On February 03, 2025, the Stochastic Oscillator for WGMI moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 34 instances where the indicator left the oversold zone. In of the 34 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 10, 2025. You may want to consider a long position or call options on WGMI as a result. In of 51 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 February 07, 2025. Looking at past instances where WGMI's MACD turned positive, the stock continued to rise in of 28 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 WGMI advanced for three days, in of 152 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Bearish Trend Analysis

WGMI moved below its 50-day moving average on January 27, 2025 date and that indicates a change from an upward trend to a downward trend.

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 .

The Aroon Indicator for WGMI entered a downward trend on January 23, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.