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DVYE Stock Tickeron detected bearish ETF Pattern: Broadening Bottom DVYE on November 11, 2024, netting in a 0.22% gain over 1 month

A.I.dvisor
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+0.22% Gain from a Successful pattern Broadening Bottom
DVYE - iShares Emerging Markets Dividend ETF
Tickeron
Ticker: DVYE
Company: iShares Emerging Markets Dividend ETF
Gain from shortening: +0.22%
Confirmed: 11/11/24
Succeeded: 12/16/24
Total length: 35 days
On November 11, 2024, A.I.dvisor detected a Broadening Bottom Pattern (Bearish) for iShares Emerging Markets Dividend ETF (DVYE, $26.28). On November 11, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On December 16, 2024, the stock hit the target price of $25.33 – resulting in a gain for traders who shorted the stock on the pattern detection date.

DVYE in -1.16% downward trend, declining for three consecutive days on December 17, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where DVYE declined for three days, in of 260 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for DVYE moved out of overbought territory on December 10, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

DVYE moved below its 50-day moving average on December 13, 2024 date and that indicates a change from an upward trend to a downward trend.

DVYE broke above its upper Bollinger Band on December 09, 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 DVYE entered a downward trend on December 06, 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 is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Momentum Indicator moved above the 0 level on December 04, 2024. You may want to consider a long position or call options on DVYE as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for DVYE just turned positive on December 03, 2024. Looking at past instances where DVYE's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for DVYE crossed bullishly above the 50-day moving average on December 16, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 DVYE advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .

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DVYE
Daily Signalchanged days ago
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General Information

Category DiversifiedEmergingMkts

Profile
Fundamentals
Details
Category
Diversified Emerging Mkts
Address
iShares, Inc.400 Howard StreetSan Francisco
Phone
N/A
Web
www.ishares.com