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THD Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse THD on October 22, 2024, netting in a 6.56% gain over 1 month

A.I.dvisor
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+6.56% Gain from a Successful pattern Cup-and-Handle Inverse
THD - iShares MSCI Thailand ETF
Tickeron
Ticker: THD
Company: iShares MSCI Thailand ETF
Gain from shortening: +6.56%
Confirmed: 10/22/24
Succeeded: 11/11/24
Total length: 32 days
On October 10, 2024, A.I.dvisor detected a Cup-and-Handle Inverse Pattern (Bearish) for iShares MSCI Thailand ETF (THD, $67.86). 12 days later, on October 22, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On November 11, 2024, the stock hit the target price of $63.72 – resulting in a gain for traders who shorted the stock on the pattern detection date.

THD in downward trend: 10-day moving average crossed below 50-day moving average on November 04, 2024

The 10-day moving average for THD crossed bearishly below the 50-day moving average on November 04, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on THD as a result. In of 71 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

THD moved below its 50-day moving average on November 06, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where THD 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 THD entered a downward trend on November 21, 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where THD's RSI Indicator exited the oversold zone, of 45 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 61 cases where THD'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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where THD advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .

THD 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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Address
iShares, Inc.400 Howard StreetSan Francisco
Phone
N/A
Web
www.ishares.com