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ICOP Stock Tickeron detected bearish ETF Pattern: Triangle Ascending ICOP on January 27, 2025, netting in a 3.89% gain over 1 month

A.I.dvisor
at Tickeron.com
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+3.89% Gain from a Successful pattern Triangle Ascending
ICOP - iShares Copper and Metals Mining ETF
Tickeron
Ticker: ICOP
Company: iShares Copper and Metals Mining ETF
Gain from shortening: +3.89%
Confirmed: 01/27/25
Succeeded: 03/03/25
Total length: 48 days
On January 14, 2025, A.I.dvisor detected a Triangle Ascending Pattern (Bearish) for iShares Copper and Metals Mining ETF (ICOP, $26.22). 13 days later, on January 27, 2025, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On March 03, 2025, the stock hit the target price of $24.80 – resulting in a gain for traders who shorted the stock on the pattern detection date.

ICOP in downward trend: price expected to drop as it breaks its higher Bollinger Band on March 14, 2025

ICOP broke above its upper Bollinger Band on March 14, 2025. 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 A.I.dvisor looked at 18 similar instances where the stock broke above the upper band. In of the 18 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on March 28, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on ICOP as a result. In of 29 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 ICOP turned negative on March 28, 2025. 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 15 similar instances when the indicator turned negative. In of the 15 cases the stock turned lower in the days that followed. This puts the odds of success at .

ICOP moved below its 50-day moving average on March 28, 2025 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 ICOP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the 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 upward trend is expected.

The 10-day moving average for ICOP crossed bullishly above the 50-day moving average on March 17, 2025. 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ICOP advanced for three days, in of 105 cases, the price rose further within the following month. The odds of a continued upward trend are .

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ICOP
Daily Signalchanged days ago
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General Information

Category NaturalResources

Profile
Fundamentals
Details
Category
Natural Resources
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
Web
www.ishares.com