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DBEF Stock Tickeron detected bearish ETF Pattern: Triangle Descending DBEF on October 30, 2024, netting in a 0.19% gain over 1 month

A.I.dvisor
at Tickeron.com
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+0.19% Gain from a Successful pattern Triangle Descending
DBEF - Xtrackers MSCI EAFE Hedged Equity ETF
Tickeron
Ticker: DBEF
Company: Xtrackers MSCI EAFE Hedged Equity ETF
Gain from shortening: +0.19%
Confirmed: 10/30/24
Succeeded: 12/19/24
Total length: 50 days
On October 30, 2024, A.I.dvisor detected a Triangle Descending Pattern (Bearish) for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF, $41.38). On October 30, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On December 19, 2024, the stock hit the target price of $40.57 – resulting in a gain for traders who shorted the stock on the pattern detection date.

Momentum Indicator for DBEF turns negative, indicating new downward trend

DBEF saw its Momentum Indicator move below the 0 level on December 17, 2024. 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

The Moving Average Convergence Divergence Histogram (MACD) for DBEF turned negative on December 18, 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

DBEF moved below its 50-day moving average on December 18, 2024 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 DBEF 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 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.

The 10-day moving average for DBEF crossed bullishly above the 50-day moving average on December 05, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 DBEF advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .

DBEF 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 329 cases where DBEF 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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DBEF
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General Information

Category ForeignLargeBlend

Profile
Fundamentals
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Category
Foreign Large Blend
Address
DBX ETF TRUST345 PARK AVENUENew York
Phone
2122505883
Web
www.DWS.com