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IUSV Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Ascending IUSV on December 17, 2024, netting in a 4.66% gain over 2 weeks

A.I.dvisor
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+4.66% Gain from a Successful pattern Broadening Wedge Ascending
IUSV - iShares Core S&P US Value ETF
Tickeron
Ticker: IUSV
Company: iShares Core S&P US Value ETF
Gain from shortening: +4.66%
Confirmed: 12/17/24
Succeeded: 12/17/24
Total length: 20 days
On November 27, 2024, A.I.dvisor detected a Broadening Wedge Ascending Pattern (Bearish) for iShares Core S&P US Value ETF (IUSV, $99.19). 20 days later, on December 17, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On December 17, 2024, the stock hit the target price of $91.88 – resulting in a gain for traders who shorted the stock on the pattern detection date.

IUSV in downward trend: 10-day moving average crossed below 50-day moving average on December 18, 2024

The 10-day moving average for IUSV crossed bearishly below the 50-day moving average on December 18, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on IUSV as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for IUSV turned negative on December 05, 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 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .

IUSV moved below its 50-day moving average on December 12, 2024 date and that indicates a change from an upward trend to a downward trend.

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

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where IUSV's RSI Oscillator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 52 cases where IUSV's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IUSV advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

The Aroon Indicator entered an Uptrend today. In of 333 cases where IUSV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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General Information

Category LargeValue

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