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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 in downward trend: price dove below 50-day moving average on October 04, 2024

ISHG moved below its 50-day moving average on October 04, 2024 date and that indicates a change from an upward trend to a downward trend. In of 34 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

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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