QAT Stock Tickeron detected bearish ETF Pattern: Rectangle Bottom QAT on January 06, 2025, netting in a 1.47% gain over 7 days

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QAT - iShares MSCI Qatar ETF

Ticker: QAT

Company: iShares MSCI Qatar ETF

Gain from shortening: +1.47%

Confirmed: 01/06/25

Succeeded: 01/13/25

Total length: 7 days

QAT in -1.73% downward trend, sliding for three consecutive days on January 07, 2025

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 QAT declined for three days, in of 266 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 January 06, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on QAT as a result. In of 86 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 QAT turned negative on January 06, 2025. 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, 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 QAT advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .