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NANR Stock Tickeron detected bearish ETF Pattern: Rectangle Top NANR on December 06, 2024, netting in a 7.77% gain over 3 weeks

A.I.dvisor
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+7.77% Gain from a Successful pattern Rectangle Top
NANR - SPDR S&P® North American Natural Res ETF
Tickeron
Ticker: NANR
Company: SPDR S&P® North American Natural Res ETF
Gain from shortening: +7.77%
Confirmed: 12/06/24
Succeeded: 12/16/24
Total length: 25 days
On November 21, 2024, A.I.dvisor detected a Rectangle Top Pattern (Bearish) for SPDR S&P® North American Natural Res ETF (NANR, $58.00). 15 days later, on December 06, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On December 16, 2024, the stock hit the target price of $53.39 – resulting in a gain for traders who shorted the stock on the pattern detection date.

NANR in downward trend: price dove below 50-day moving average on December 04, 2024

NANR moved below its 50-day moving average on December 04, 2024 date and that indicates a change from an upward trend to a downward trend. In of 43 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 04, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NANR as a result. In of 82 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 NANR turned negative on December 04, 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 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for NANR crossed bearishly below the 50-day moving average on December 09, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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 NANR 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 shows that the ticker has stayed in the oversold zone for 5 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 11 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.

NANR 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 335 cases where NANR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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NANR
Daily Signalchanged days ago
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General Information

Category NaturalResources

Profile
Fundamentals
Details
Category
Natural Resources
Address
SPDR Index Shares FundsOne Lincoln Street,Cph0326Boston
Phone
N/A
Web
www.spdrs.com