BPAY BlackRock Future Financial and Tech ETF Forecast, Technical & Fundamental Analysis
BPAY's RSI Indicator sits in oversold zone for 1 day
It is expected that a price bounce should occur soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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 BPAY advanced for three days, in of 64 cases, the price rose further within the following month. The odds of a continued upward trend are .
BPAY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BPAY as a result. In of 21 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 BPAY turned negative on September 07, 2023. 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 10 similar instances when the indicator turned negative. In of the 10 cases the stock turned lower in the days that followed. This puts the odds of success at .
BPAY moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for BPAY crossed bearishly below the 50-day moving average on August 23, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 3 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 BPAY 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 BPAY entered a downward trend on September 13, 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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Technology
BPAY and
Correlation & Price change
A.I.dvisor indicates that over the last year, BPAY has been closely correlated with VGT. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if BPAY jumps, then VGT could also see price increases.
| Ticker / NAME | Correlation To BPAY | 1D Price Change % | ||
|---|---|---|---|---|
| BPAY | 100% | -0.11% | ||
| VGT - BPAY | 74% Closely correlated | +0.28% | ||
| IYW - BPAY | 72% Closely correlated | +0.21% | ||
| XLK - BPAY | 71% Closely correlated | +0.21% | ||
| SOXX - BPAY | 67% Closely correlated | +0.83% | ||
| SMH - BPAY | 66% Closely correlated | +0.85% |