BSJS Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on July 10, 2023

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BSJS - Invesco BulletShares 2028 HY Corp Bd ETF

Emerged: 07/10/23

Breakout: $20.74

Price: $20.83

Target price: $20.49

BSJS in -0.82% downward trend, falling for three consecutive days on December 19, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BSJS declined for three days, in of 208 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BSJS as a result. In of 80 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 BSJS turned negative on December 11, 2024. 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 37 similar instances when the indicator turned negative. In of the 37 cases the stock turned lower in the days that followed. This puts the odds of success at .

BSJS moved below its 50-day moving average on December 18, 2024 date and that indicates a change from an upward trend to a downward trend.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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 BSJS advanced for three days, in of 234 cases, the price rose further within the following month. The odds of a continued upward trend are .

BSJS 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 217 cases where BSJS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .