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BND Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Ascending BND on October 03, 2024, netting in a 1.20% gain over 1 month

A.I.dvisor
at Tickeron.com
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+1.20% Gain from a Successful pattern Broadening Wedge Ascending
BND - Vanguard Total Bond Market ETF
Tickeron
Ticker: BND
Company: Vanguard Total Bond Market ETF
Gain from shortening: +1.2%
Confirmed: 10/03/24
Succeeded: 10/07/24
Total length: 31 days
On September 06, 2024, A.I.dvisor detected a Broadening Wedge Ascending Pattern (Bearish) for Vanguard Total Bond Market ETF (BND, $74.83). 27 days later, on October 03, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 07, 2024, the stock hit the target price of $73.87 – resulting in a gain for traders who shorted the stock on the pattern detection date.

BND sees MACD Histogram just turned negative

BND 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 53 instances where the indicator turned negative. In of the 53 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for BND moved out of overbought territory on December 09, 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 25 similar instances where the indicator moved out of overbought territory. In of the 25 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 BND as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

BND 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 BND 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 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 10-day moving average for BND crossed bullishly above the 50-day moving average on December 06, 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 BND advanced for three days, in of 317 cases, the price rose further within the following month. The odds of a continued upward trend are .

BND may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 276 cases where BND Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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BND
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General Information

Category IntermediateTermBond

Profile
Fundamentals
Details
Category
Intermediate Core Bond
Address
Vanguard Bond Index FundsPO Box 2600 V26Valley Forge
Phone
800-523-1036
Web
www.vanguard.com