IBOT Stock Tickeron detected bullish ETF Pattern: Cup-and-Handle IBOT on November 05, 2024, netting in a 4.79% gain over 6 days

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IBOT - VanEck Robotics ETF

Ticker: IBOT

Company: VanEck Robotics ETF

Gain: +4.79%

Confirmed: 11/05/24

Succeeded: 11/07/24

Total length: 6 days

IBOT in +3.06% Uptrend, advancing for three consecutive days on November 07, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where IBOT advanced for three days, in of 98 cases, the price rose further within the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for IBOT just turned positive on November 06, 2024. Looking at past instances where IBOT's MACD turned positive, the stock continued to rise in of 14 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for IBOT crossed bullishly above the 50-day moving average on November 08, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 19 cases where IBOT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on November 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on IBOT as a result. In of 28 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

IBOT moved below its 50-day moving average on November 13, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IBOT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

IBOT broke above its upper Bollinger Band on November 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for IBOT entered a downward trend on November 11, 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.