ENOR Stock Tickeron detected bearish ETF Pattern: Head-and-Shoulders Top ENOR on October 14, 2024, netting in a 3.56% gain over 1 month

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ENOR - iShares MSCI Norway ETF

Ticker: ENOR

Company: iShares MSCI Norway ETF

Gain from shortening: +3.56%

Confirmed: 10/14/24

Succeeded: 11/11/24

Total length: 42 days

ENOR in downward trend: 10-day moving average moved below 50-day moving average on October 18, 2024

The 10-day moving average for ENOR 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 19 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 .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 31, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ENOR as a result. In of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ENOR turned negative on October 15, 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 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .

ENOR 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.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ENOR 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 ENOR entered a downward trend on November 14, 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 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 ENOR advanced for three days, in of 357 cases, the price rose further within the following month. The odds of a continued upward trend are .

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