IMFL Stock Invesco Intl Dev Dynmc Mltfctr ETF (IMFL, $24.39) entered Downtrend as Momentum indicator drops below 0 level on Nov 08, 2024

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IMFL - Invesco Intl Dev Dynmc Mltfctr ETF

Momentum signal

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Odds of DOWN Trend

Price: $24.39

Daily change: -$0.36 (-1.45%)

Daily volume: 207.6K

Net Assets: $485.5M

IMFL in downward trend: 10-day moving average crossed below 50-day moving average on October 14, 2024

The 10-day moving average for IMFL crossed bearishly below the 50-day moving average on October 14, 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

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 IMFL as a result. In of 62 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

IMFL moved below its 50-day moving average on October 15, 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 IMFL 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 IMFL entered a downward trend on November 13, 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 points to a transition from a downward trend to an upward trend -- in cases where IMFL's RSI Indicator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IMFL advanced for three days, in of 234 cases, the price rose further within the following month. The odds of a continued upward trend are .

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