AGG Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Ascending AGG on October 03, 2024, netting in a 1.25% gain over 1 month

GET DAILY SIGNALS

Get AI intraday signals

AGG - iShares Core US Aggregate Bond ETF

Ticker: AGG

Company: iShares Core US Aggregate Bond ETF

Gain from shortening: +1.25%

Confirmed: 10/03/24

Succeeded: 10/07/24

Total length: 31 days

AGG's Indicator enters downward trend

The Aroon Indicator for AGG entered a downward trend on November 15, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 236 similar instances where the Aroon Indicator formed such a pattern. In of the 236 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AGG as a result. In of 77 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 10-day moving average for AGG crossed bearishly below the 50-day moving average on October 11, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 AGG 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

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where AGG's RSI Oscillator exited the oversold zone, of 42 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.

The Moving Average Convergence Divergence (MACD) for AGG just turned positive on November 07, 2024. Looking at past instances where AGG's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AGG advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .

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