INQQ Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Ascending INQQ on October 07, 2024, netting in a 2.22% gain over 4 weeks

GET DAILY SIGNALS

Get AI intraday signals

INQQ - INQQ The India Internet ETF

Ticker: INQQ

Company: INQQ The India Internet ETF

Gain from shortening: +2.22%

Confirmed: 10/07/24

Succeeded: 10/07/24

Total length: 28 days

INQQ sees MACD Histogram just turned negative

INQQ saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 15, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 26 instances where the indicator turned negative. In of the 26 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on INQQ as a result. In of 41 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

INQQ moved below its 50-day moving average on October 18, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for INQQ crossed bearishly below the 50-day moving average on October 23, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 6 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 .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where INQQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

INQQ broke above its upper Bollinger Band on November 07, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for INQQ entered a downward trend on October 31, 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 INQQ's RSI Indicator exited the oversold zone, of 10 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 INQQ advanced for three days, in of 175 cases, the price rose further within the following month. The odds of a continued upward trend are .