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GMOM Stock Tickeron detected bearish ETF Pattern: Broadening Bottom GMOM on January 10, 2025, netting in a 7.26% gain over 3 months

A.I.dvisor
at Tickeron.com
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+7.26% Gain from a Successful pattern Broadening Bottom
GMOM - Cambria Global Momentum ETF
Tickeron
Ticker: GMOM
Company: Cambria Global Momentum ETF
Gain from shorting: +7.26%
Confirmed: 01/10/25
Succeeded: 04/07/25
Total length: 109 days
On December 19, 2024, A.I.dvisor detected a Broadening Bottom Pattern (Bearish) for Cambria Global Momentum ETF (GMOM, $28.10). 22 days later, on January 10, 2025, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On April 07, 2025, the stock hit the target price of $26.32 – resulting in a gain for traders who shorted the stock on the pattern detection date.

Momentum Indicator for GMOM turns negative, indicating new downward trend

GMOM saw its Momentum Indicator move below the 0 level on April 03, 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 98 similar instances where the indicator turned negative. In of the 98 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for GMOM turned negative on April 04, 2025. 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GMOM 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 GMOM entered a downward trend on March 20, 2025. 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 GMOM's RSI Indicator exited the oversold zone, of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 62 cases where GMOM'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 GMOM advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

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General Information

Category Trading

Profile
Fundamentals
Details
Category
Tactical Allocation
Address
CAMBRIA ETF TRUST2711 Centreville Road Suite 400 Wilmington, DE 19808Wilmington
Phone
+1 310 6835500
Web
www.cambriafunds.com