BGRN in downward trend: price dove below 50-day moving average on December 13, 2024
BGRN moved below its 50-day moving average on December 13, 2024 date and that indicates a change from an upward trend to a downward trend. In of 38 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for BGRN moved out of overbought territory on December 03, 2024. 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 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BGRN as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BGRN turned negative on December 13, 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 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BGRN 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 BGRN entered a downward trend on November 25, 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.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 10-day moving average for BGRN crossed bullishly above the 50-day moving average on December 05, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 10 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 BGRN advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .
BGRN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category WorldBond
BGRN and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, BGRN has been closely correlated with BNDW. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if BGRN jumps, then BNDW could also see price increases.
| Ticker / NAME | Correlation To BGRN | 1D Price Change % | ||
|---|---|---|---|---|
| BGRN | 100% | +0.06% | ||
| BNDW - BGRN | 94% Closely correlated | -0.01% | ||
| DFGP - BGRN | 89% Closely correlated | -0.04% | ||
| BNDX - BGRN | 87% Closely correlated | -0.02% | ||
| IAGG - BGRN | 83% Closely correlated | -0.10% | ||
| DFGX - BGRN | 78% Closely correlated | -0.12% | ||
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