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CBON Stock Tickeron detected bullish ETF Pattern: Triangle Descending on October 14, 2024

A.I.dvisor
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Triangle Descending
CBON - VanEck China Bond ETF
Tickeron
Emerged: 10/14/24
Breakout: $22.94
Price: $22.45
Target price: $23.46
A.I.dvisor detected a bullish Triangle Descending pattern for CBON stock. This pattern was detected on October 14, 2024 . The odds of reaching the target price are 6. The Descending Triangle pattern is formed when the price of a security establishes a support level (1, 3, 5) and bounces off that level to a declining resistance level, creating a down-sloping top line (2, 4). Consider buying a security or call option at the breakout price level. When trading, wait for the confirmation move, which is when the price rises above the breakout level.

CBON's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for CBON turned positive on November 29, 2024. Looking at past instances where CBON's MACD turned positive, the stock continued to rise in of 61 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 05, 2024. You may want to consider a long position or call options on CBON 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CBON advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 75 cases where CBON's Stochastic Oscillator exited the overbought zone, the price fell further within 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 CBON declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CBON broke above its upper Bollinger Band on December 10, 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.

The Aroon Indicator for CBON entered a downward trend on December 11, 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.

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CBON
Daily Signalchanged days ago
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