IEF Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Ascending IEF on October 03, 2024, netting in a 0.30% gain over 4 weeks

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IEF - iShares 7-10 Year Treasury Bond ETF

Ticker: IEF

Company: iShares 7-10 Year Treasury Bond ETF

Gain from shortening: +0.3%

Confirmed: 10/03/24

Succeeded: 10/03/24

Total length: 29 days

IEF's Indicator enters downward trend

The Aroon Indicator for IEF entered a downward trend on November 15, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 253 similar instances where the Aroon Indicator formed such a pattern. In of the 253 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for IEF turned negative on November 13, 2024. 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IEF 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where IEF's RSI Oscillator exited the oversold zone, of 38 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, 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 IEF advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .

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