EFG Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse EFG on October 07, 2024, netting in a 2.81% gain over 2 weeks

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EFG - iShares MSCI EAFE Growth ETF

Ticker: EFG

Company: iShares MSCI EAFE Growth ETF

Gain from shortening: +2.81%

Confirmed: 10/07/24

Succeeded: 10/22/24

Total length: 18 days

Momentum Indicator for EFG turns negative, indicating new downward trend

EFG saw its Momentum Indicator move below the 0 level on October 10, 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 76 similar instances where the indicator turned negative. In of the 76 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

EFG moved below its 50-day moving average on October 15, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for EFG crossed bearishly below the 50-day moving average on October 21, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 EFG 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 EFG 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 RSI Indicator entered the oversold zone -- be on the watch for EFG'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 EFG advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .

EFG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.