FALN Stock Tickeron detected bullish ETF Pattern: Cup-and-Handle on November 12, 2024

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FALN - iShares Fallen Angels USD Bond ETF

Emerged: 11/12/24

Breakout: $27.15

Price: $27.15

Target price: $27.59

FALN in upward trend: price rose above 50-day moving average on November 06, 2024

FALN moved above its 50-day moving average on November 06, 2024 date and that indicates a change from a downward trend to an upward trend. In of 34 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

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 FALN as a result. In of 73 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 FALN just turned positive on November 07, 2024. Looking at past instances where FALN's MACD turned positive, the stock continued to rise in of 36 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for FALN crossed bullishly above the 50-day moving average on November 13, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 FALN advanced for three days, in of 354 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 58 cases where FALN'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 FALN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FALN broke above its upper Bollinger Band on November 07, 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 FALN entered a downward trend on November 06, 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.