VEGI Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse VEGI on October 22, 2024, netting in a 2.99% gain over 1 month

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VEGI - iShares MSCI Agriculture Producers ETF

Ticker: VEGI

Company: iShares MSCI Agriculture Producers ETF

Gain from shortening: +2.99%

Confirmed: 10/22/24

Succeeded: 11/12/24

Total length: 33 days

VEGI in downward trend: 10-day moving average moved below 50-day moving average on November 12, 2024

The 10-day moving average for VEGI crossed bearishly below the 50-day moving average on November 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on VEGI as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

VEGI moved below its 50-day moving average on November 08, 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 VEGI 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 VEGI entered a downward trend on October 31, 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 Indicator points to a transition from a downward trend to an upward trend -- in cases where VEGI's RSI Indicator exited the oversold zone, of 36 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The 50-day moving average for VEGI moved above the 200-day moving average on October 14, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where VEGI advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .

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