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ISHG Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on January 11, 2024

A.I.dvisor
at Tickeron.com
01/17/24
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Cup-and-Handle Inverse
ISHG - iShares 1-3 Year International TrsBd ETF
Emerged: 01/11/24
Breakout: $71.04
Price: $70.4
Target price: $69.68
A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for ISHG stock. This pattern was detected on January 11, 2024 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.

ISHG sees MACD Histogram crosses below signal line

ISHG saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on August 30, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 43 instances where the indicator turned negative. In of the 43 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

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General Information

Category WorldBond

Profile
Fundamentals
Details
Category
Global Bond
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
Web
www.ishares.com