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HYUP Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on January 11, 2024

A.I.dvisor
at Tickeron.com
01/12/24
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Cup-and-Handle Inverse
HYUP - Xtrackers High Beta High Yield Bond ETF
Tickeron
Emerged: 01/11/24
Breakout: $40.48
Price: $40.86
Target price: $39.85
A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for HYUP stock. This pattern was detected on January 11, 2024 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.

HYUP in -0.10% downward trend, sliding for three consecutive days on September 25, 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 HYUP declined for three days, in of 291 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
Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HYUP advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 344 cases where HYUP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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HYUP
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