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BNKD
ETF ticker:
NYSE ARCA
AS OF
Aug 5 closing price
Price
$11.80
Change
-$0.54 (-4.38%)
Net Assets
11.81M

BNKD Price Prediction, MicroSectors™ US Bg Bnks 3X Inv Lgd ETN AI Recommendations

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12:00 AM EDT Aug 05, 2022

Momentum Indicator for BNKD turns negative, indicating new downward trend

BNKD saw its Momentum Indicator move below the 0 level on July 15, 2022. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 50 similar instances where the indicator turned negative. In 49 of the 50 cases, the stock moved further down in the following days. The odds of a decline are at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for BNKD turned negative on July 15, 2022. 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 28 similar instances when the indicator turned negative. In of the 28 cases the stock turned lower in the days that followed. This puts the odds of success at .

BNKD moved below its 50-day moving average on July 18, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for BNKD crossed bearishly below the 50-day moving average on July 25, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 9 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNKD 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 13 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 BNKD advanced for three days, in of 187 cases, the price rose further within the following month. The odds of a continued upward trend are .

BNKD 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 71 cases where BNKD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
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published Highlights

Notable companies

The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), Morgan Stanley (NYSE:MS), Charles Schwab Corp (The) (NYSE:SCHW), Goldman Sachs Group (NYSE:GS), Citigroup (NYSE:C), US Bancorp (NYSE:USB), PNC Financial Services Group (NYSE:PNC).

Industry description

The investment seeks to provide a leveraged inverse return based on the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.

Market Cap

The average market capitalization across the MicroSectors™ US Bg Bnks 3X Inv Lgd ETN ETF is 165.27B. The market cap for tickers in the group ranges from 68.51B to 339.47B. JPM holds the highest valuation in this group at 339.47B. The lowest valued company is PNC at 68.51B.

High and low price notable news

The average weekly price growth across all stocks in the MicroSectors™ US Bg Bnks 3X Inv Lgd ETN ETF was -2%. For the same ETF, the average monthly price growth was -26%, and the average quarterly price growth was 48%. MS experienced the highest price growth at 2%, while C experienced the biggest fall at -0%.

Volume

The average weekly volume growth across all stocks in the MicroSectors™ US Bg Bnks 3X Inv Lgd ETN ETF was -20%. For the same stocks of the ETF, the average monthly volume growth was -4% and the average quarterly volume growth was -38%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 60
P/E Growth Rating: 43
Price Growth Rating: 52
SMR Rating: 3
Profit Risk Rating: 55
Seasonality Score: 0 (-100 ... +100)
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BNKD
Buy/Sell Ratings
 
 
Technical Analysis# Of IndicatorsAvg. Odds
   
   
 
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published General Information

General Information

Category BearMarket

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
100 King Street West, 1 First Canadian PlaceToronto, Ontario, M5X 1A1.Toronto
Phone
N/A
Web
N/A

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BNKD and

Correlation & Price change

A.I.dvisor indicates that over the last year, BNKD has been closely correlated with SH. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is a high statistical probability that if BNKD jumps, then SH could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BNKD
1D Price
Change %
BNKD100%
-4.06%
SH - BNKD
66%
Closely correlated
+0.20%
SPXU - BNKD
66%
Closely correlated
+0.46%
SDS - BNKD
66%
Closely correlated
+0.41%
SQQQ - BNKD
54%
Loosely correlated
+2.41%
PSQ - BNKD
53%
Loosely correlated
+0.73%