SPHY Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on July 10, 2023

GET DAILY SIGNALS

Get AI intraday signals

SPHY - SPDR® Portfolio High Yield Bond ETF

Emerged: 07/10/23

Breakout: $22.44

Price: $22.61

Target price: $22.18

SPHY in -0.50% downward trend, declining for three consecutive days on October 07, 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 SPHY declined for three days, in of 227 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 SPHY moved out of overbought territory on October 02, 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 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The Moving Average Convergence Divergence Histogram (MACD) for SPHY turned negative on September 26, 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 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 18, 2024. You may want to consider a long position or call options on SPHY as a result. In of 90 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 SPHY advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

The Aroon Indicator entered an Uptrend today. In of 344 cases where SPHY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .