VNAM Stock Tickeron detected bearish ETF Pattern: Head-and-Shoulders Top VNAM on October 17, 2024, netting in a 4.06% gain over 4 weeks

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VNAM - Global X MSCI Vietnam ETF

Ticker: VNAM

Company: Global X MSCI Vietnam ETF

Gain from shortening: +4.06%

Confirmed: 10/17/24

Succeeded: 11/07/24

Total length: 29 days

Momentum Indicator for VNAM turns negative, indicating new downward trend

VNAM saw its Momentum Indicator move below the 0 level on November 08, 2024. 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 41 similar instances where the indicator turned negative. In of the 41 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

VNAM moved below its 50-day moving average on October 15, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for VNAM crossed bearishly below the 50-day moving average on October 22, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 7 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 .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where VNAM 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 VNAM entered a downward trend on November 13, 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 VNAM's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where VNAM advanced for three days, in of 184 cases, the price rose further within the following month. The odds of a continued upward trend are .

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