IDVO Stock Tickeron detected bearish ETF Pattern: Dead Cat Bounce on November 12, 2024

GET DAILY SIGNALS

Get AI intraday signals

IDVO - Amplify CWP International Enh Div IncETF

Emerged: 11/12/24

Breakout: $30.34

Price: $30.73

Target price: $29.73

IDVO sees MACD Histogram crosses below signal line

IDVO saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 23, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 20 instances where the indicator turned negative. In of the 20 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on IDVO as a result. In of 32 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

IDVO 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 IDVO crossed bearishly below the 50-day moving average on November 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 8 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 IDVO 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 demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IDVO advanced for three days, in of 152 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

The Aroon Indicator entered an Uptrend today. In of 138 cases where IDVO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .