PICK Stock Tickeron detected bearish ETF Pattern: Broadening Bottom PICK on November 12, 2024, netting in a 9.00% gain over 1 month

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PICK - iShares MSCI Global Mtls&Mng Prdcrs ETF

Ticker: PICK

Company: iShares MSCI Global Mtls&Mng Prdcrs ETF

Gain from shortening: +9%

Confirmed: 11/12/24

Succeeded: 12/19/24

Total length: 37 days

PICK in -4.42% downward trend, falling for three consecutive days on December 19, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PICK declined for three days, in of 284 cases, the price declined 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 December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PICK as a result. In of 84 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 PICK turned negative on December 13, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for PICK crossed bearishly below the 50-day moving average on November 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 .

The 50-day moving average for PICK moved below the 200-day moving average on December 09, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

The Aroon Indicator for PICK entered a downward trend on December 17, 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 4 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 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 upward trend is expected.

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

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