MENU

MKTW Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top MKTW on November 11, 2024, netting in a 13.97% gain over 2 weeks

A.I.dvisor
at Tickeron.com
11/14/24
Loading...
+13.97% Gain from a Successful pattern Head-and-Shoulders Top
MKTW - MarketWise
Tickeron
Ticker: MKTW
Company: MarketWise
Gain from shortening: +13.97%
Confirmed: 11/11/24
Succeeded: 11/12/24
Total length: 15 days
On October 28, 2024, A.I.dvisor detected a Head-and-Shoulders Top Pattern (Bearish) for MarketWise (MKTW, $0.62). 14 days later, on November 11, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On November 12, 2024, the stock hit the target price of $0.49 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

MKTW sees MACD Histogram crosses below signal line

MKTW saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 11, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 36 instances where the indicator turned negative. In of the 36 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 11, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MKTW as a result. In of 67 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MKTW 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 MKTW entered a downward trend on October 31, 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where MKTW's RSI Indicator exited the oversold zone, of 39 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MKTW advanced for three days, in of 177 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

View a ticker or compare two or three
MKTW
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Industry

Profile
Fundamentals
Details
Industry
N/A
Address
1125 N. Charles Street
Phone
+1 888 261-2693
Employees
584
Web
https://corporate.marketwise.com