BBP Stock Tickeron detected bullish ETF Pattern: Triple Bottoms BBP on October 15, 2024, netting in a 4.82% gain over 1 month

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BBP - Virtus LifeSci Biotech Products ETF

Ticker: BBP

Company: Virtus LifeSci Biotech Products ETF

Gain: +4.82%

Confirmed: 10/15/24

Succeeded: 11/05/24

Total length: 33 days

BBP in upward trend: 10-day moving average crossed above 50-day moving average on October 23, 2024

The 10-day moving average for BBP crossed bullishly above the 50-day moving average on October 23, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 01, 2024. You may want to consider a long position or call options on BBP as a result. In of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BBP just turned positive on October 15, 2024. Looking at past instances where BBP's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

BBP moved above its 50-day moving average on October 24, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BBP advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 227 cases where BBP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BBP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BBP broke above its upper Bollinger Band on November 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.