BWZ Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Bottom BWZ on October 16, 2024, netting in a 4.31% gain over 2 months

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BWZ - SPDR® Blmbg ST Intrn TrsBd ETF

Ticker: BWZ

Company: SPDR® Blmbg ST Intrn TrsBd ETF

Gain from shortening: +4.31%

Confirmed: 10/16/24

Succeeded: 11/12/24

Total length: 62 days

BWZ sees MACD Histogram crosses below signal line

BWZ saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 11, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 46 instances where the indicator turned negative. In of the 46 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BWZ as a result. In of 94 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 10-day moving average for BWZ crossed bearishly below the 50-day moving average on October 11, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 BWZ 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 BWZ entered a downward trend on November 15, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BWZ's RSI Oscillator exited the oversold zone, of 37 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

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 BWZ advanced for three days, in of 280 cases, the price rose further within the following month. The odds of a continued upward trend are .

BWZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.