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AIOT Stock Tickeron detected bearish Stock Pattern: Cup-and-Handle Inverse AIOT on January 06, 2025, netting in a 15.34% gain over 1 week

A.I.dvisor
at Tickeron.com
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+15.34% Gain from a Successful pattern Cup-and-Handle Inverse
AIOT - PowerFleet Inc.
Tickeron
Ticker: AIOT
Company: PowerFleet
Gain from shortening: +15.34%
Confirmed: 01/06/25
Succeeded: 01/13/25
Total length: 10 days
On January 03, 2025, A.I.dvisor detected a Cup-and-Handle Inverse Pattern (Bearish) for PowerFleet Inc. (AIOT, $6.65). 3 days later, on January 06, 2025, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On January 13, 2025, the stock hit the target price of $5.56 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

Momentum Indicator for AIOT turns negative, indicating new downward trend

AIOT saw its Momentum Indicator move below the 0 level on January 06, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 95 similar instances where the indicator turned negative. In of the 95 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

AIOT moved below its 50-day moving average on January 06, 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 AIOT 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 AIOT entered a downward trend on January 02, 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.

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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AIOT advanced for three days, in of 256 cases, the price rose further within the following month. The odds of a continued upward trend are .

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AIOT
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A.I. Advisor
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General Information

a company, which engages in the provision of fleet management solutions for logistics, industrial, and vehicles

Industry

Profile
Fundamentals
Details
Industry
N/A
Address
123 Tice Boulevard
Phone
+1 201 996-9000
Employees
795
Web
https://www.powerfleet.com