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BBIB Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Bottom on December 09, 2024

A.I.dvisor
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Triangle Symmetrical Bottom
BBIB - JPMorgan BetaBuilders U.S.TrsBd3-10YrETF
Tickeron
Emerged: 12/09/24
Breakout: $96.85
Price: $97.3
Target price: $95.65
A.I.dvisor detected a bearish Triangle Symmetrical Bottom pattern for BBIB stock. This pattern was detected on December 09, 2024 . The odds of reaching the target price are 6. The Symmetrical Triangle Bottom pattern forms when the price of a security fails to retest a high or a low and ultimately forms two narrowing trend lines. Points (1, 5) form the triangle patterns. Consider selling the security short or buying a put option at the downward breakout price level. When trading, wait for the confirmation move, which is when the price falls below the breakout level.

BBIB in downward trend: 10-day moving average crossed below 50-day moving average on December 20, 2024

The 10-day moving average for BBIB crossed bearishly below the 50-day moving average on December 20, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 3 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BBIB 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 BBIB entered a downward trend on January 07, 2025. 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 BBIB's RSI Oscillator exited the oversold zone, of 11 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 20 cases where BBIB's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on January 08, 2025. You may want to consider a long position or call options on BBIB as a result. In of 26 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 BBIB advanced for three days, in of 96 cases, the price rose further within the following month. The odds of a continued upward trend are .

BBIB 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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Category IntermediateGovernment

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Category
Intermediate Government
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J.P. Morgan Exchange-Traded Fund Trust270 Park AvenueNew York
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(800) 480-4111
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