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BUFF Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Bottom BUFF on September 21, 2023, netting in a 3.52% gain over 1 month

A.I.dvisor
at Tickeron.com
10/26/23
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+3.52% Gain from a Successful pattern Triangle Symmetrical Bottom
BUFF - Innovator Laddered Allc Pwr Bfr ETF™
Ticker: BUFF
Company: Innovator Laddered Allc Pwr Bfr ETF™
Gain from shortening: +3.52%
Confirmed: 09/21/23
Succeeded: 10/25/23
Total length: 43 days
On September 12, 2023, A.I.dvisor detected a Triangle Symmetrical Bottom Pattern (Bearish) for Innovator Laddered Allc Pwr Bfr ETF™ (BUFF, $38.32). 9 days later, on September 21, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 25, 2023, the stock hit the target price of $37.04 – resulting in a gain for traders who shorted the stock on the pattern detection date.

BUFF's Stochastic Oscillator sits in overbought zone for 4 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for BUFF moved out of overbought territory on October 15, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

BUFF broke above its upper Bollinger Band on October 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 08, 2024. You may want to consider a long position or call options on BUFF as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BUFF just turned positive on October 14, 2024. Looking at past instances where BUFF's MACD turned positive, the stock continued to rise in of 50 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 BUFF advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 390 cases where BUFF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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BUFF
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General Information

Category Trading

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Fundamentals
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Category
Options Trading
Address
Academy Funds Trust123 South Broad Street, Suite 1630Philadelphia
Phone
(215) 979-3750
Web
www.innovatorfunds.com