BCI Stock Tickeron detected bearish ETF Pattern: Three Falling Peaks BCI on November 05, 2024, netting in a 2.07% gain over 1 month

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BCI - abrdn Blmb AllCmdStrK1Fr ETF

Ticker: BCI

Company: abrdn Blmb AllCmdStrK1Fr ETF

Gain from shortening: +2.07%

Confirmed: 11/05/24

Succeeded: 12/18/24

Total length: 44 days

Momentum Indicator for BCI turns negative, indicating new downward trend

BCI saw its Momentum Indicator move below the 0 level on December 23, 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 85 similar instances where the indicator turned negative. In of the 85 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for BCI turned negative on December 18, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

BCI moved below its 50-day moving average on December 17, 2024 date and that indicates a change from an upward trend to a downward trend.

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 .

BCI broke above its upper Bollinger Band on December 11, 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.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 64 cases where BCI'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 10-day moving average for BCI crossed bullishly above the 50-day moving average on December 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BCI advanced for three days, in of 361 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 296 cases where BCI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .