GEMD Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on May 24, 2024

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GEMD - Goldman Sachs Access Emrg Mkts USD BdETF

Emerged: 05/24/24

Breakout: $40.48

Price: $40.55

Target price: $39.96

GEMD in downward trend: 10-day moving average broke below 50-day moving average on October 17, 2024

The 10-day moving average for GEMD crossed bearishly below the 50-day moving average on October 17, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 6 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 26 cases where GEMD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on November 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GEMD as a result. In of 43 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

GEMD moved below its 50-day moving average on October 17, 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 GEMD 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 GEMD entered a downward trend on November 13, 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where GEMD's RSI Indicator exited the oversold zone, of 15 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for GEMD just turned positive on November 07, 2024. Looking at past instances where GEMD's MACD turned positive, the stock continued to rise in of 26 cases 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 GEMD advanced for three days, in of 183 cases, the price rose further within the following month. The odds of a continued upward trend are .

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