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YYY Stock Amplify High Income ETF (YYY, $12.06) Moving Average Convergence Divergence (MACD) Histogram turned negative on December 12, 2024

A.I.dvisor
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YYY - Amplify High Income ETF
MACD signal
Bearish Trend
Odds of DOWN Trend
Tickeron
MACD signal
Price: $12.06
Daily change: -$0.1 (-0.82%)
Daily volume: 202K
Net Assets: $554.8M
This is a Bearish indicator signaling YYY's price could decline from here. Traders may explore shorting the stock or put options. A.I. dvisor identified 42 similar cases where YYY's MACD histogram became negative, and of them led to successful outcomes. Odds of Success:

YYY in downward trend: price dove below 50-day moving average on December 17, 2024

YYY moved below its 50-day moving average on December 17, 2024 date and that indicates a change from an upward trend to a downward trend. In of 29 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on YYY as a result. In of 65 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for YYY turned negative on December 12, 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .

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

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The 10-day moving average for YYY crossed bullishly above the 50-day moving average on November 29, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 YYY advanced for three days, in of 393 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

The Aroon Indicator entered an Uptrend today. In of 383 cases where YYY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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General Information

Category Trading

Profile
Fundamentals
Details
Category
Tactical Allocation
Address
Amplify ETF Trust3250 Lacey Road, Suite 130Downers Grove
Phone
(630) 464-7600
Web
N/A