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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
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+3.52% Gain from a Successful pattern Triangle Symmetrical Bottom
BUFF - Innovator Laddered Allc Pwr Bfr ETF™
Tickeron
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 in -0.67% downward trend, declining for three consecutive days on November 15, 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 BUFF declined for three days, in of 238 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for BUFF moved out of overbought territory on November 14, 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 47 similar instances where the indicator moved out of overbought territory. In of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

BUFF broke above its upper Bollinger Band on November 06, 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 November 06, 2024. You may want to consider a long position or call options on BUFF as a result. In of 80 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 November 07, 2024. Looking at past instances where BUFF'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 BUFF advanced for three days, in of 336 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 393 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
Daily Signalchanged days ago
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Address
Academy Funds Trust123 South Broad Street, Suite 1630Philadelphia
Phone
(215) 979-3750
Web
www.innovatorfunds.com