SHYD Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse SHYD on February 16, 2023, netting in a 1.34% gain over 1 week

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SHYD - VanEck Short High Yield Muni ETF

Ticker: SHYD

Company: VanEck Short High Yield Muni ETF

Gain from shortening: +1.34%

Confirmed: 02/16/23

Succeeded: 02/17/23

Total length: 8 days

SHYD in -0.35% downward trend, declining for three consecutive days on November 15, 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 SHYD declined for three days, in of 233 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for SHYD moved out of overbought territory on October 21, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 49 similar instances where the indicator moved out of overbought territory. In of the 49 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for SHYD turned negative on November 15, 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

SHYD moved below its 50-day moving average on November 15, 2024 date and that indicates a change from an upward trend to a downward trend.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 46 cases where SHYD's Stochastic Oscillator exited the oversold zone 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 08, 2024. You may want to consider a long position or call options on SHYD as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 SHYD advanced for three days, in of 279 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 451 cases where SHYD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .