SPIN Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Descending on November 02, 2026
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A.I.dvisor detected a bearish Broadening Wedge Descending pattern for SPIN stock. This pattern was detected on November 02, 2026 . The odds of reaching the target price are 6.
The Broadening Wedge Descending pattern forms when a security price makes lower lows (1, 3, 5) and lower highs (2, 4), forming two downward sloping lines that expand over time.
Consider selling the security short or buying a put option at the downward breakout price level, which is the last low touching the bottom line.
Momentum Indicator for SPIN turns negative, indicating new downward trend
SPIN saw its Momentum Indicator move below the 0 level on October 29, 2026. 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 44 similar instances where the indicator turned negative. In 36 of the 44 cases, the stock moved further down in the following days. The odds of a decline are at 82%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for SPIN turned negative on October 15, 2026. 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 24 similar instances when the indicator turned negative. In 18 of the 24 cases the stock turned lower in the days that followed. This puts the odds of success at 75%.
SPIN moved below its 50-day moving average on November 05, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SPIN crossed bearishly below the 50-day moving average on October 30, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 8 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 75%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPIN declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 72%.
The Aroon Indicator for SPIN entered a downward trend on November 10, 2026. 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 suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 27 of 30 cases where SPIN'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 90%.
Following a +2.82% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPIN advanced for three days, in 136 of 161 cases, the price rose further within the following month. The odds of a continued upward trend are 84%.
SPIN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.