SPDW Stock Tickeron detected bearish ETF Pattern: Dead Cat Bounce SPDW on November 05, 2024, netting in a 1.51% gain over 1 week

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SPDW - SPDR® Portfolio Developed Wld ex-US ETF

Ticker: SPDW

Company: SPDR® Portfolio Developed Wld ex-US ETF

Gain from shortening: +1.51%

Confirmed: 11/05/24

Succeeded: 11/12/24

Total length: 11 days

SPDW in downward trend: price dove below 50-day moving average on October 21, 2024

SPDW moved below its 50-day moving average on October 21, 2024 date and that indicates a change from an upward trend to a downward trend. In of 55 similar past instances, the stock price decreased 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 November 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SPDW as a result. In of 83 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 10-day moving average for SPDW crossed bearishly below the 50-day moving average on October 23, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPDW 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 SPDW entered a downward trend on November 15, 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 Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, 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 SPDW advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .

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