PIN Stock Tickeron detected bearish ETF Pattern: Head-and-Shoulders Top PIN on October 16, 2024, netting in a 5.82% gain over 1 month

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PIN - Invesco India ETF

Ticker: PIN

Company: Invesco India ETF

Gain from shortening: +5.82%

Confirmed: 10/16/24

Succeeded: 11/12/24

Total length: 35 days

PIN in -0.96% downward trend, falling for three consecutive days on December 17, 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 PIN declined for three days, in of 250 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where PIN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PIN's RSI Indicator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 25, 2024. You may want to consider a long position or call options on PIN as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PIN just turned positive on November 22, 2024. Looking at past instances where PIN's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

PIN moved above its 50-day moving average on December 11, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PIN crossed bullishly above the 50-day moving average on December 12, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 10 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PIN advanced for three days, in of 357 cases, the price rose further within the following month. The odds of a continued upward trend are .

PIN 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 387 cases where PIN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .