IXJ Stock Tickeron detected bearish ETF Pattern: Wedge Falling IXJ on October 02, 2024, netting in a 2.96% gain over 3 weeks

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IXJ - iShares Global Healthcare ETF

Ticker: IXJ

Company: iShares Global Healthcare ETF

Gain from shortening: +2.96%

Confirmed: 10/02/24

Succeeded: 10/29/24

Total length: 27 days

IXJ sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for IXJ moved below the 200-day moving average on December 12, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on IXJ as a result. In of 86 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 IXJ 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 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IXJ 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 IXJ entered a downward trend on December 18, 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 shows that the ticker has stayed in the oversold zone for 6 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 Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IXJ advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .

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