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FBL Stock Tickeron detected bearish ETF Pattern: Rectangle Top FBL on March 10, 2025, netting in a 18.86% gain over 2 months

A.I.dvisor
at Tickeron.com
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+18.86% Gain from a Successful pattern Rectangle Top
FBL - GraniteShares 2x Long META Daily ETF
Tickeron
Ticker: FBL
Company: GraniteShares 2x Long META Daily ETF
Gain from shorting: +18.86%
Confirmed: 03/10/25
Succeeded: 04/02/25
Total length: 69 days
On January 23, 2025, A.I.dvisor detected a Rectangle Top Pattern (Bearish) for GraniteShares 2x Long META Daily ETF (FBL, $38.50). 46 days later, on March 10, 2025, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On April 02, 2025, the stock hit the target price of $28.34 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

Momentum Indicator for FBL turns negative, indicating new downward trend

FBL saw its Momentum Indicator move below the 0 level on April 02, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator turned negative. In of the 34 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for FBL turned negative on April 03, 2025. 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 22 similar instances when the indicator turned negative. In of the 22 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 .

The Aroon Indicator for FBL entered a downward trend on April 16, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FBL's RSI Indicator exited the oversold zone, of 4 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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 upward trend is expected.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where FBL advanced for three days, in of 161 cases, the price rose further within the following month. The odds of a continued upward trend are .

FBL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

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A.I. Advisor
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General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
GraniteShares ETF Trust30 Vesey Street, 9th FloorNew York
Phone
N/A
Web
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