BDCZ UBS ETRACS Wells Fargo® Busn Dev Co ETN Forecast, Technical & Fundamental Analysis
BDCZ's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for BDCZ turned positive on November 02, 2023. Looking at past instances where BDCZ's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on BDCZ as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
BDCZ moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BDCZ crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 BDCZ advanced for three days, in of 388 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 288 cases where BDCZ 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 10-day RSI Indicator for BDCZ moved out of overbought territory on November 21, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator moved out of overbought territory. In of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BDCZ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BDCZ broke above its upper Bollinger Band on November 20, 2023. 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.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
BDCZ and
Correlation & Price change
A.I.dvisor tells us that BDCZ and FXO have been poorly correlated (+9% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BDCZ and FXO's prices will move in lockstep.
| Ticker / NAME | Correlation To BDCZ | 1D Price Change % | ||
|---|---|---|---|---|
| BDCZ | 100% | -0.38% | ||
| FXO - BDCZ | 9% Poorly correlated | -0.29% | ||
| KRE - BDCZ | 9% Poorly correlated | -0.02% | ||
| STEW - BDCZ | 7% Poorly correlated | +0.07% | ||
| IYF - BDCZ | 4% Poorly correlated | -0.20% | ||
| VFH - BDCZ | 3% Poorly correlated | -0.07% | ||
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