FBY Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Bottom FBY on November 12, 2024, netting in a 1.19% gain over 6 days

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FBY - YieldMax META Option Income Strategy ETF

Ticker: FBY

Company: YieldMax META Option Income Strategy ETF

Gain from shortening: +1.19%

Confirmed: 11/12/24

Succeeded: 11/14/24

Total length: 6 days

Momentum Indicator for FBY turns negative, indicating new downward trend

FBY saw its Momentum Indicator move below the 0 level on November 15, 2024. 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 16 similar instances where the indicator turned negative. In of the 16 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for FBY moved out of overbought territory on November 11, 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 15 similar instances where the indicator moved out of overbought territory. In of the 15 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 16 cases where FBY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for FBY turned negative on November 15, 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 9 similar instances when the indicator turned negative. In of the 9 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 FBY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FBY 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.

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FBY advanced for three days, in of 100 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 114 cases where FBY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .