BOND Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Ascending BOND on October 07, 2024, netting in a 1.40% gain over 4 weeks

GET DAILY SIGNALS

Get AI intraday signals

BOND - PIMCO Active Bond ETF

Ticker: BOND

Company: PIMCO Active Bond ETF

Gain from shortening: +1.4%

Confirmed: 10/07/24

Succeeded: 10/08/24

Total length: 28 days

BOND's Indicator enters downward trend

The Aroon Indicator for BOND entered a downward trend on November 15, 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 242 similar instances where the Aroon Indicator formed such a pattern. In of the 242 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 59 cases where BOND's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on November 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BOND as a result. In of 73 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 10-day moving average for BOND crossed bearishly below the 50-day moving average on October 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 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 BOND 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 BOND's RSI Oscillator exited the oversold zone, of 36 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 BOND just turned positive on November 08, 2024. Looking at past instances where BOND's MACD turned positive, the stock continued to rise in of 48 cases 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 BOND advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .

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