INDL Stock Tickeron detected bearish ETF Pattern: Broadening Bottom INDL on October 24, 2024, netting in a 16.86% gain over 2 months

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INDL - Direxion Daily MSCI India Bull 2x ETF

Ticker: INDL

Company: Direxion Daily MSCI India Bull 2x ETF

Gain from shortening: +16.86%

Confirmed: 10/24/24

Succeeded: 01/13/25

Total length: 81 days

INDL in -1.08% downward trend, declining for three consecutive days on January 08, 2025

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 INDL declined for three days, in of 260 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Aroon Indicator for INDL entered a downward trend on January 08, 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 entered the oversold zone -- be on the watch for INDL'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 demonstrated that the ticker has stayed in the oversold zone for 1 day, 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 INDL advanced for three days, in of 362 cases, the price rose further within the following month. The odds of a continued upward trend are .