BLES's Indicator enters downward trend
The Aroon Indicator for BLES entered a downward trend on November 11, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 133 similar instances where the Aroon Indicator formed such a pattern. In of the 133 cases the stock moved lower. 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 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BLES as a result. In of 85 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 BLES turned negative on December 12, 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
BLES moved below its 50-day moving average on December 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 BLES 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 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 BLES crossed bullishly above the 50-day moving average on December 03, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 BLES advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
BLES 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 ForeignLargeBlend
BLES and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, BLES has been closely correlated with VT. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if BLES jumps, then VT could also see price increases.
| Ticker / NAME | Correlation To BLES | 1D Price Change % | ||
|---|---|---|---|---|
| BLES | 100% | -0.78% | ||
| VT - BLES | 82% Closely correlated | -0.42% | ||
| ACWI - BLES | 80% Closely correlated | -0.38% | ||
| JGLO - BLES | 79% Closely correlated | -0.34% | ||
| URTH - BLES | 79% Closely correlated | -0.37% | ||
| ACWV - BLES | 66% Loosely correlated | -1.74% | ||
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