EFRA Stock Tickeron detected bullish ETF Pattern: Broadening Bottom on December 17, 2024

GET DAILY SIGNALS

Get AI intraday signals

EFRA - iShares Environmental Infras & IndstrETF

Emerged: 12/17/24

Breakout: $33.43

Price: $32.54

Target price: $35.26

EFRA in upward trend: price expected to rise as it breaks its lower Bollinger Band on December 17, 2024

EFRA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 13 cases where EFRA's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 14 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 Uptrend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EFRA advanced for three days, in of 147 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for EFRA turned negative on December 17, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 19 similar instances when the indicator turned negative. In of the 19 cases the stock turned lower in the days that followed. This puts the odds of success at .

EFRA moved below its 50-day moving average on December 17, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for EFRA crossed bearishly below the 50-day moving average on December 18, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 7 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 .