MENU

SARK Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Top SARK on October 17, 2024, netting in a 37.50% gain over 3 weeks

A.I.dvisor
at Tickeron.com
11/13/24
Loading...
+37.50% Gain from a Successful pattern Triangle Symmetrical Top
SARK - Tradr 2X Short Innovation Daily ETF
Tickeron
Ticker: SARK
Company: Tradr 2X Short Innovation Daily ETF
Gain from shortening: +37.5%
Confirmed: 10/17/24
Succeeded: 11/11/24
Total length: 25 days
On October 17, 2024, A.I.dvisor detected a Triangle Symmetrical Top Pattern (Bearish) for Tradr 2X Short Innovation Daily ETF (SARK, $26.43). On October 17, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On November 11, 2024, the stock hit the target price of $17.21 – resulting in a +3 gain for traders who shorted the stock on the pattern detection date.

Momentum Indicator for SARK turns negative, indicating new downward trend

SARK saw its Momentum Indicator move below the 0 level on November 05, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 53 similar instances where the indicator turned negative. In of the 53 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for SARK turned negative on November 06, 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 28 similar instances when the indicator turned negative. In of the 28 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 50-day moving average for SARK moved below the 200-day moving average on October 17, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SARK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for SARK entered a downward trend on November 07, 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 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 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 SARK advanced for three days, in of 207 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

View a ticker or compare two or three
SARK
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 Trading

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
Investment Managers Series Trust II803 West Michigan StreetMilwaukee
Phone
(414) 299-2295
Web
N/A