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HYIN Stock Tickeron detected bearish ETF Pattern: Head-and-Shoulders Top HYIN on September 30, 2024, netting in a 2.18% gain over 4 weeks

A.I.dvisor
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+2.18% Gain from a Successful pattern Head-and-Shoulders Top
HYIN - WisdomTree Alternative Income Fund
Tickeron
Ticker: HYIN
Company: WisdomTree Alternative Income Fund
Gain from shortening: +2.18%
Confirmed: 09/30/24
Succeeded: 10/28/24
Total length: 28 days
On September 30, 2024, A.I.dvisor detected a Head-and-Shoulders Top Pattern (Bearish) for WisdomTree Alternative Income Fund (HYIN, $18.90). On September 30, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 28, 2024, the stock hit the target price of $18.33 – resulting in a gain for traders who shorted the stock on the pattern detection date.

HYIN in -0.65% downward trend, sliding for three consecutive days on November 15, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where HYIN declined for three days, in of 177 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 42 cases where HYIN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

HYIN moved below its 50-day moving average on November 12, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for HYIN crossed bearishly below the 50-day moving average on October 28, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 .

The Aroon Indicator for HYIN entered a downward trend on November 04, 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 Momentum Indicator moved above the 0 level on November 07, 2024. You may want to consider a long position or call options on HYIN as a result. In of 52 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for HYIN just turned positive on November 07, 2024. Looking at past instances where HYIN's MACD turned positive, the stock continued to rise in of 31 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 HYIN advanced for three days, in of 240 cases, the price rose further within the following month. The odds of a continued upward trend are .

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HYIN
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Profile
Fundamentals
Details
Category
Nontraditional Bond
Address
WisdomTree Trust380 Madison AveNew York
Phone
866-909-9473
Web
www.wisdomtree.com