Momentum Indicator for BNE turns positive, indicating new upward trend
BNE saw its Momentum Indicator move above the 0 level on November 03, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator turned positive. In of the 47 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BNE's RSI Indicator exited the oversold zone, of 17 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BNE just turned positive on November 02, 2023. Looking at past instances where BNE's MACD turned positive, the stock continued to rise in of 25 cases over the following month. The odds of a continued upward trend are .
BNE moved above its 50-day moving average on November 29, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BNE crossed bullishly above the 50-day moving average on November 29, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 BNE advanced for three days, in of 178 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNE 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 BNE entered a downward trend on November 10, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying 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
General Information
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BNE and
Correlation & Price change
A.I.dvisor tells us that BNE and JETS have been poorly correlated (+13% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BNE and JETS's prices will move in lockstep.
| Ticker / NAME | Correlation To BNE | 1D Price Change % | ||
|---|---|---|---|---|
| BNE | 100% | -0.28% | ||
| JETS - BNE | 13% Poorly correlated | +4.21% | ||
| BOTZ - BNE | 8% Poorly correlated | -1.15% | ||
| XT - BNE | 6% Poorly correlated | -0.57% | ||
| ROBO - BNE | 2% Poorly correlated | -0.92% | ||
| PBD - BNE | 2% Poorly correlated | +0.07% | ||
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