IEUR Stock Tickeron detected bearish ETF Pattern: Wedge Rising IEUR on October 22, 2024, netting in a 7.79% gain over 1 month

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IEUR - iShares Core MSCI Europe ETF

Ticker: IEUR

Company: iShares Core MSCI Europe ETF

Gain from shortening: +7.79%

Confirmed: 10/22/24

Succeeded: 11/11/24

Total length: 46 days

IEUR in downward trend: 10-day moving average crossed below 50-day moving average on October 17, 2024

The 10-day moving average for IEUR crossed bearishly below the 50-day moving average on October 17, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 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 .

Technical Analysis (Indicators)

Bearish Trend Analysis

IEUR moved below its 50-day moving average on October 21, 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 IEUR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for IEUR entered a downward trend on November 20, 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.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for IEUR's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IEUR advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .

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