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DMBS Stock Tickeron detected bullish ETF Pattern: Cup-and-Handle on June 10, 2024

A.I.dvisor
at Tickeron.com
06/11/24
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Cup-and-Handle
DMBS - DoubleLine Mortgage ETF
Emerged: 06/10/24
Breakout: $48.38
Price: $47.84
Target price: $49.24
A.I.dvisor detected a bullish Cup-and-Handle pattern for DMBS stock. This pattern was detected on June 10, 2024 . The odds of reaching the target price are 6. The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”-like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. Consider buying a security or call option at the upward breakout price/entry point. The confirmation move is when the security moves past the breakout price above the right cup lip.

Aroon Indicator for DMBS shows an upward move is likely

DMBS's Aroon Indicator triggered a bullish signal on August 30, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 58 similar instances where the Aroon Indicator showed a similar pattern. In of the 58 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

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Category IntermediateTermBond

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Intermediate Core Bond
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DOUBLELINE ETF TRUST
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