GREK Stock Tickeron detected bearish ETF Pattern: Head-and-Shoulders Top GREK on October 07, 2024, netting in a 6.57% gain over 1 month

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GREK - Global X MSCI Greece ETF

Ticker: GREK

Company: Global X MSCI Greece ETF

Gain from shortening: +6.57%

Confirmed: 10/07/24

Succeeded: 11/14/24

Total length: 41 days

GREK in downward trend: 10-day moving average moved below 50-day moving average on October 11, 2024

The 10-day moving average for GREK crossed bearishly below the 50-day moving average on October 11, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 November 14, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GREK as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 GREK 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 GREK entered a downward trend on November 08, 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 is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Moving Average Convergence Divergence (MACD) for GREK just turned positive on November 05, 2024. Looking at past instances where GREK's MACD turned positive, the stock continued to rise in of 44 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 GREK advanced for three days, in of 321 cases, the price rose further within the following month. The odds of a continued upward trend are .

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