ASIA Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Top ASIA on October 29, 2024, netting in a 3.90% gain over 2 weeks

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ASIA - Matthews Pacific Tiger Active ETF

Ticker: ASIA

Company: Matthews Pacific Tiger Active ETF

Gain from shortening: +3.9%

Confirmed: 10/29/24

Succeeded: 11/13/24

Total length: 19 days

ASIA sees MACD Histogram crosses below signal line

ASIA saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 11, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 9 instances where the indicator turned negative. In of the 9 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 November 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ASIA as a result. In of 14 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

ASIA moved below its 50-day moving average on November 12, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ASIA crossed bearishly below the 50-day moving average on November 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 4 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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

ASIA broke above its upper Bollinger Band on November 07, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for ASIA entered a downward trend on November 15, 2024. 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 shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ASIA advanced for three days, in of 73 cases, the price rose further within the following month. The odds of a continued upward trend are .