FDN Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on January 16, 2025

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FDN - First Trust Dow Jones Internet ETF

Emerged: 01/16/25

Breakout: $242.6

Price: $246.79

Target price: $235.43

Momentum Indicator for FDN turns negative, indicating new downward trend

FDN saw its Momentum Indicator move below the 0 level on January 07, 2025. 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

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FDN 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 suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where FDN's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 FDN advanced for three days, in of 389 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 342 cases where FDN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .