Aroon Indicator for ETHFI.X shows an upward move is likely

ETHFI.X's Aroon Indicator triggered a bullish signal on September 30, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 3 similar instances where the Aroon Indicator showed a similar pattern. In 2 of the 3 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 67%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 10, 2024. You may want to consider a long position or call options on ETHFI.X as a result. In 2 of 4 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 50%.

The Moving Average Convergence Divergence (MACD) for ETHFI.X just turned positive on September 05, 2024. Looking at past instances where ETHFI.X's MACD turned positive, the stock continued to rise in 1 of 3 cases over the following month. The odds of a continued upward trend are 33%.

Following a +17.60% 3-day Advance, the price is estimated to grow further. Considering data from situations where ETHFI.X advanced for three days, in 17 of 31 cases, the price rose further within the following month. The odds of a continued upward trend are 55%.

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