FBL GraniteShares 2x Long META Daily ETF Forecast, Technical & Fundamental Analysis

FBL's Indicator enters downward trend

The Aroon Indicator for FBL entered a downward trend on December 02, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 6 similar instances where the Aroon Indicator formed such a pattern. In of the 6 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for FBL moved out of overbought territory on December 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 23 cases where FBL'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 FBL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FBL broke above its upper Bollinger Band on December 02, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 02, 2024. You may want to consider a long position or call options on FBL as a result. In of 28 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 FBL just turned positive on November 29, 2024. Looking at past instances where FBL's MACD turned positive, the stock continued to rise in of 18 cases over the following month. The odds of a continued upward trend are .

FBL moved above its 50-day moving average on December 02, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FBL crossed bullishly above the 50-day moving average on December 05, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 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 FBL advanced for three days, in of 132 cases, the price rose further within the following month. The odds of a continued upward trend are .