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IHAK Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Bottom IHAK on February 27, 2025, netting in a 5.98% gain over 3 months

A.I.dvisor
at Tickeron.com
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+5.98% Gain from a Successful pattern Triangle Symmetrical Bottom
IHAK - iShares Cybersecurity and Tech ETF
Tickeron
Ticker: IHAK
Company: iShares Cybersecurity and Tech ETF
Gain from shorting: +5.98%
Confirmed: 02/27/25
Succeeded: 04/03/25
Total length: 94 days
On December 30, 2024, A.I.dvisor detected a Triangle Symmetrical Bottom Pattern (Bearish) for iShares Cybersecurity and Tech ETF (IHAK, $48.84). 59 days later, on February 27, 2025, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On April 03, 2025, the stock hit the target price of $44.50 – resulting in a gain for traders who shorted the stock on the pattern detection date.

Momentum Indicator for IHAK turns negative, indicating new downward trend

IHAK saw its Momentum Indicator move below the 0 level on March 28, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 86 similar instances where the indicator turned negative. In of the 86 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for IHAK turned negative on March 31, 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 43 similar instances when the indicator turned negative. In of the 43 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 IHAK 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 IHAK entered a downward trend on April 09, 2025. 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 points to a transition from a downward trend to an upward trend -- in cases where IHAK's RSI Oscillator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 59 cases where IHAK's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 IHAK advanced for three days, in of 367 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

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A.I. Advisor
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General Information

Category Technology

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