INCO Stock Tickeron detected bearish ETF Pattern: Head-and-Shoulders Top INCO on October 16, 2024, netting in a 7.28% gain over 4 weeks

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INCO - Columbia India Consumer ETF

Ticker: INCO

Company: Columbia India Consumer ETF

Gain from shortening: +7.28%

Confirmed: 10/16/24

Succeeded: 11/06/24

Total length: 29 days

INCO in -0.84% downward trend, declining for three consecutive days on December 17, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where INCO declined for three days, in of 258 cases, the price declined further within 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 December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on INCO as a result. In of 95 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 INCO's RSI Indicator exited the oversold zone, of 16 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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.

The Moving Average Convergence Divergence (MACD) for INCO just turned positive on November 19, 2024. Looking at past instances where INCO's MACD turned positive, the stock continued to rise in of 45 cases over the following month. 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 INCO advanced for three days, in of 349 cases, the price rose further within the following month. The odds of a continued upward trend are .

INCO 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 353 cases where INCO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .