ASEA Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse ASEA on January 10, 2025, netting in a 0.66% gain over 1 month

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ASEA - Global X FTSE Southeast Asia ETF

Ticker: ASEA

Company: Global X FTSE Southeast Asia ETF

Gain from shortening: +0.66%

Confirmed: 01/10/25

Succeeded: 02/26/25

Total length: 51 days

ASEA sees MACD Histogram crosses below signal line

ASEA saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on February 24, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 42 instances where the indicator turned negative. In of the 42 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 27, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on ASEA as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

ASEA moved below its 50-day moving average on February 19, 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 ASEA 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 RSI Indicator entered the oversold zone -- be on the watch for ASEA's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

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 ASEA advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .

ASEA 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 203 cases where ASEA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .