ION Stock Tickeron detected bearish ETF Pattern: Broadening Top ION on November 11, 2024, netting in a 7.96% gain over 1 month

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ION - ProShares S&P Global Cor Btty Mtls ETF

Ticker: ION

Company: ProShares S&P Global Cor Btty Mtls ETF

Gain from shortening: +7.96%

Confirmed: 11/11/24

Succeeded: 12/12/24

Total length: 37 days

Momentum Indicator for ION turns negative, indicating new downward trend

ION saw its Momentum Indicator move below the 0 level on December 12, 2024. 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 25 similar instances where the indicator turned negative. In of the 25 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for ION turned negative on December 12, 2024. 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 14 similar instances when the indicator turned negative. In of the 14 cases the stock turned lower in the days that followed. This puts the odds of success at .

ION moved below its 50-day moving average on November 21, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ION crossed bearishly below the 50-day moving average on November 22, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 7 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 ION 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 ION entered a downward trend on December 17, 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 entered the oversold zone -- be on the watch for ION'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 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 50-day moving average for ION moved above the 200-day moving average on November 18, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ION advanced for three days, in of 107 cases, the price rose further within the following month. The odds of a continued upward trend are .

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