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GYLD Stock Tickeron detected bearish ETF Pattern: Pennant GYLD on November 19, 2024, netting in a 0.24% gain over 1 month

A.I.dvisor
at Tickeron.com
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+0.24% Gain from a Successful pattern Pennant
GYLD - Arrow Dow Jones Global Yield ETF
Tickeron
Ticker: GYLD
Company: Arrow Dow Jones Global Yield ETF
Gain from shortening: +0.24%
Confirmed: 11/19/24
Succeeded: 12/17/24
Total length: 32 days
On November 15, 2024, A.I.dvisor detected a Pennant Pattern (Bearish) for Arrow Dow Jones Global Yield ETF (GYLD, $12.90). 4 days later, on November 19, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On December 17, 2024, the stock hit the target price of $12.58 – resulting in a gain for traders who shorted the stock on the pattern detection date.

GYLD's RSI Indicator sits in oversold zone for 3 days

The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GYLD advanced for three days, in of 349 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GYLD 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 .

The Moving Average Convergence Divergence Histogram (MACD) for GYLD turned negative on December 16, 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

GYLD moved below its 50-day moving average on December 11, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for GYLD crossed bearishly below the 50-day moving average on December 18, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 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 .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GYLD 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 GYLD entered a downward trend on December 02, 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.

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