IWMY Stock Tickeron detected bearish ETF Pattern: Triangle Ascending IWMY on September 30, 2024, netting in a 1.13% gain over 2 months

GET DAILY SIGNALS

Get AI intraday signals

IWMY - Defiance R2000 Enh Opt & 0DTE Inc ETF

Ticker: IWMY

Company: Defiance R2000 Enh Opt & 0DTE Inc ETF

Gain from shortening: +1.13%

Confirmed: 09/30/24

Succeeded: 10/30/24

Total length: 65 days

IWMY's RSI Oscillator peaks and leaves overbought zone

The 10-day RSI Indicator for IWMY moved out of overbought territory on November 12, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 4 instances where the indicator moved out of the overbought zone. In of the 4 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 10 cases where IWMY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for IWMY turned negative on November 15, 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 9 similar instances when the indicator turned negative. In of the 9 cases the stock turned lower in the days that followed. This puts the odds of success at .

IWMY moved below its 50-day moving average on November 15, 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 IWMY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

IWMY broke above its upper Bollinger Band on November 06, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on IWMY as a result. In of 15 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 IWMY advanced for three days, in of 81 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 13 cases where IWMY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .