MDY Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Ascending MDY on December 19, 2024, netting in a 5.36% gain over 1 month

GET DAILY SIGNALS

Get AI intraday signals

MDY - SPDR® S&P MIDCAP 400 ETF Trust

Ticker: MDY

Company: SPDR® S&P MIDCAP 400 ETF Trust

Gain from shortening: +5.36%

Confirmed: 12/19/24

Succeeded: 12/19/24

Total length: 43 days

MDY sees MACD Histogram just turned negative

MDY saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 05, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 50 instances where the indicator turned negative. In of the 50 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MDY as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

MDY moved below its 50-day moving average on December 18, 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 MDY 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 2 days, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 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 MDY advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .

MDY 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 307 cases where MDY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .