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TYLG Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on January 03, 2025

A.I.dvisor
at Tickeron.com
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Cup-and-Handle Inverse
TYLG - Global X Information Tch Cvd Cll&Gr ETF
Tickeron
Emerged: 01/03/25
Breakout: $33.66
Price: $33.73
Target price: $32.7
A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for TYLG stock. This pattern was detected on January 03, 2025 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.

TYLG saw its Stochastic Oscillator leaves the overbought zone

The Stochastic Oscillator for TYLG moved out of overbought territory on December 31, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 29 similar instances where the indicator exited the overbought zone. In of the 29 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 08, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on TYLG as a result. In of 32 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 TYLG turned negative on December 30, 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 18 similar instances when the indicator turned negative. In of the 18 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 TYLG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TYLG advanced for three days, in of 178 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 138 cases where TYLG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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TYLG
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General Information

Category Trading

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Fundamentals
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Category
Derivative Income
Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com