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WTIU Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse WTIU on August 01, 2024, netting in a 22.94% gain over 1 month

A.I.dvisor
at Tickeron.com
09/06/24
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+22.94% Gain from a Successful pattern Cup-and-Handle Inverse
WTIU - MicroSectors™ Energy 3X Leveraged ETN
Ticker: WTIU
Company: MicroSectors™ Energy 3X Leveraged ETN
Gain from shortening: +22.94%
Confirmed: 08/01/24
Succeeded: 09/05/24
Total length: 42 days
On July 25, 2024, A.I.dvisor detected a Cup-and-Handle Inverse Pattern (Bearish) for MicroSectors™ Energy 3X Leveraged ETN (WTIU, $18.63). 7 days later, on August 01, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On September 05, 2024, the stock hit the target price of $14.84 – resulting in a +2 gain for traders who shorted the stock on the pattern detection date.

Momentum Indicator for WTIU turns negative, indicating new downward trend

WTIU saw its Momentum Indicator move below the 0 level on September 03, 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 35 similar instances where the indicator turned negative. In of the 35 cases, the stock moved further down in the following days. The odds of a decline are at .

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