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WDIV Stock Tickeron detected bearish ETF Pattern: Three Falling Peaks WDIV on December 12, 2024, netting in a 2.43% gain over 3 weeks

A.I.dvisor
at Tickeron.com
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+2.43% Gain from a Successful pattern Three Falling Peaks
WDIV - SPDR® S&P Global Dividend ETF
Tickeron
Ticker: WDIV
Company: SPDR® S&P Global Dividend ETF
Gain from shortening: +2.43%
Confirmed: 12/12/24
Succeeded: 12/17/24
Total length: 26 days
On November 21, 2024, A.I.dvisor detected a Three Falling Peaks Pattern (Bearish) for SPDR® S&P Global Dividend ETF (WDIV, $65.32). 21 days later, on December 12, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On December 17, 2024, the stock hit the target price of $62.85 – resulting in a gain for traders who shorted the stock on the pattern detection date.

WDIV in -2.78% downward trend, declining for three consecutive days on December 19, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where WDIV declined for three days, in of 262 cases, the price declined 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 December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on WDIV as a result. In of 84 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 WDIV turned negative on December 10, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

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

The 10-day moving average for WDIV crossed bearishly below the 50-day moving average on December 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 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 .

The Aroon Indicator for WDIV entered a downward trend on November 25, 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 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 Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WDIV advanced for three days, in of 361 cases, the price rose further within the following month. The odds of a continued upward trend are .

WDIV 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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General Information

Category ForeignLargeValue

Profile
Fundamentals
Details
Category
Global Large-Stock Value
Address
SPDR Index Shares FundsOne Lincoln Street,Cph0326Boston
Phone
N/A
Web
www.spdrs.com