MENU

RATE Stock Tickeron detected bearish ETF Pattern: Three Falling Peaks RATE on June 12, 2024, netting in a 14.42% gain over 2 months

A.I.dvisor
at Tickeron.com
08/24/24
Loading...
+14.42% Gain from a Successful pattern Three Falling Peaks
RATE - Global X Interest Rate Hedge ETF
Ticker: RATE
Company: Global X Interest Rate Hedge ETF
Gain from shortening: +14.42%
Confirmed: 06/12/24
Succeeded: 08/23/24
Total length: 74 days
On June 10, 2024, A.I.dvisor detected a Three Falling Peaks Pattern (Bearish) for Global X Interest Rate Hedge ETF (RATE, $20.94). 2 days later, on June 12, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On August 23, 2024, the stock hit the target price of $17.94 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

RATE sees MACD Histogram just turned negative

RATE saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 06, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 21 instances where the indicator turned negative. In of the 21 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart
Show more
View a ticker or compare two or three
RATE
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

Category Miscellaneous

Profile
Fundamentals
Details
Category
Nontraditional Bond
Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com