EFNL Stock Tickeron detected bearish ETF Pattern: Wedge Rising EFNL on October 30, 2024, netting in a 8.45% gain over 1 month

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EFNL - iShares MSCI Finland ETF

Ticker: EFNL

Company: iShares MSCI Finland ETF

Gain from shortening: +8.45%

Confirmed: 10/30/24

Succeeded: 11/11/24

Total length: 42 days

Momentum Indicator for EFNL turns negative, indicating new downward trend

EFNL saw its Momentum Indicator move below the 0 level on October 30, 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 84 similar instances where the indicator turned negative. In of the 84 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

EFNL moved below its 50-day moving average on October 21, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for EFNL crossed bearishly below the 50-day moving average on October 18, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 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 EFNL 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 EFNL 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 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 Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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 EFNL advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .

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