BIB sees MACD Histogram just turned negative
BIB saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 13, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BIB as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
BIB moved below its 50-day moving average on November 12, 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 BIB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BIB's RSI Indicator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BIB advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .
BIB 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 Trading
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MSECX | 13.54 | N/A | N/A |
| Morgan Stanley Inst International Eq C | |||
| JEPIX | 14.69 | -0.04 | -0.27% |
| JPMorgan Equity Premium Income I | |||
| IYBFX | 23.97 | -0.11 | -0.46% |
| Delaware Ivy Balanced Fund Class R | |||
| NEQAX | 12.40 | -0.10 | -0.80% |
| Neuberger Berman U.S. Equity Impact A | |||
| KGDAX | 30.20 | -0.36 | -1.18% |
| DWS Global Small Cap A | |||
BIB and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, BIB has been loosely correlated with SPXL. These tickers have moved in lockstep 56% of the time. This A.I.-generated data suggests there is some statistical probability that if BIB jumps, then SPXL could also see price increases.
| Ticker / NAME | Correlation To BIB | 1D Price Change % | ||
|---|---|---|---|---|
| BIB | 100% | +0.69% | ||
| SPXL - BIB | 56% Loosely correlated | -1.33% | ||
| SSO - BIB | 56% Loosely correlated | -0.87% | ||
| FEDL - BIB | 52% Loosely correlated | N/A | ||
| QULL - BIB | 48% Loosely correlated | -0.73% | ||
| IFED - BIB | 47% Loosely correlated | N/A | ||
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