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SPSM Stock Tickeron detected bearish ETF Pattern: Three Falling Peaks SPSM on February 10, 2025, netting in a 2.68% gain over 2 weeks

A.I.dvisor
at Tickeron.com
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+2.68% Gain from a Successful pattern Three Falling Peaks
SPSM - SPDR® Portfolio S&P 600™ Sm Cap ETF
Tickeron
Ticker: SPSM
Company: SPDR® Portfolio S&P 600™ Sm Cap ETF
Gain from shortening: +2.68%
Confirmed: 02/10/25
Succeeded: 02/20/25
Total length: 15 days
On February 05, 2025, A.I.dvisor detected a Three Falling Peaks Pattern (Bearish) for SPDR® Portfolio S&P 600™ Sm Cap ETF (SPSM, $46.56). 5 days later, on February 10, 2025, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On February 20, 2025, the stock hit the target price of $44.33 – resulting in a gain for traders who shorted the stock on the pattern detection date.

SPSM in downward trend: price dove below 50-day moving average on January 31, 2025

SPSM moved below its 50-day moving average on January 31, 2025 date and that indicates a change from an upward trend to a downward trend. In of 52 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 19, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on SPSM as a result. In of 90 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 Moving Average Convergence Divergence Histogram (MACD) for SPSM turned negative on February 10, 2025. 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 .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPSM 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 SPSM entered a downward trend on January 23, 2025. 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 entered the oversold zone -- be on the watch for SPSM's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPSM advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

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SPSM
Daily Signalchanged days ago
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General Information

Category SmallBlend

Profile
Fundamentals
Details
Category
Small Blend
Address
SPDR Series TrustOne Lincoln Street Cph0326Boston
Phone
N/A
Web
www.spdrs.com