KCCA Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse KCCA on November 12, 2024, netting in a 6.02% gain over 2 weeks

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KCCA - KraneShares California Carbon Allw ETF

Ticker: KCCA

Company: KraneShares California Carbon Allw ETF

Gain from shortening: +6.02%

Confirmed: 11/12/24

Succeeded: 11/14/24

Total length: 20 days

KCCA in downward trend: price dove below 50-day moving average on November 14, 2024

KCCA moved below its 50-day moving average on November 14, 2024 date and that indicates a change from an upward trend to a downward trend. In of 24 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on KCCA as a result. In of 44 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 KCCA turned negative on November 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 30 similar instances when the indicator turned negative. In of the 30 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 KCCA 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 demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where KCCA advanced for three days, in of 213 cases, the price rose further within the following month. The odds of a continued upward trend are .

KCCA 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 145 cases where KCCA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .