BCI Stock abrdn Blmb AllCmdStrK1Fr ETF (BCI, $20.34) entered Uptrend as Momentum indicator ascends above 0 level on Nov 22, 2024

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BCI - abrdn Blmb AllCmdStrK1Fr ETF

Momentum signal

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Odds of UP Trend

Price: $20.34

Daily change: +$0.03 (+0.15%)

Daily volume: 245.5K

Net Assets: $1.2B

BCI sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for BCI moved above the 200-day moving average on October 24, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 22, 2024. You may want to consider a long position or call options on BCI as a result. In of 83 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 BCI just turned positive on November 20, 2024. Looking at past instances where BCI's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

BCI moved above its 50-day moving average on November 20, 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 BCI advanced for three days, in of 362 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The 10-day moving average for BCI crossed bearishly below the 50-day moving average on November 13, 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 BCI 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 BCI entered a downward trend on November 22, 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.