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BROS Stock Tickeron detected bearish Stock Pattern: Wedge Rising BROS on July 18, 2024, netting in a 28.31% gain over 1 month

A.I.dvisor
at Tickeron.com
08/09/24
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+28.31% Gain from a Successful pattern Wedge Rising
BROS - Dutch Bros
Ticker: BROS
Company: Dutch Bros
Gain from shortening: +28.31%
Confirmed: 07/18/24
Succeeded: 08/08/24
Total length: 42 days
On June 27, 2024, A.I.dvisor detected a Wedge Rising Pattern (Bearish) for Dutch Bros (BROS, $42.10). 21 days later, on July 18, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On August 08, 2024, the stock hit the target price of $34.09 – resulting in a +2 gain for traders who shorted the stock on the pattern detection date.

BROS in downward trend: price dove below 50-day moving average on September 24, 2024

BROS moved below its 50-day moving average on September 24, 2024 date and that indicates a change from an upward trend to a downward trend. In of 24 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

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BROS
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General Information

Industry Restaurants

Profile
Fundamentals
Details
Industry
N/A
Address
110 SW 4th Street
Phone
+1 541 955-4700
Employees
24000
Web
https://www.dutchbros.com