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FIBR Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on October 24, 2023

A.I.dvisor
at Tickeron.com
10/25/23
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Cup-and-Handle Inverse
FIBR - iShares U.S. Fixed Inc Bal Rsk Fac ETF
Tickeron
Emerged: 10/24/23
Breakout: $81.24
Price: $81.58
Target price: $80.01
A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for FIBR stock. This pattern was detected on October 24, 2023 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.

FIBR's Indicator enters downward trend

The Aroon Indicator for FIBR entered a downward trend on November 01, 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 164 similar instances where the Aroon Indicator formed such a pattern. In of the 164 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 22, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FIBR as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

FIBR moved below its 50-day moving average on October 23, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for FIBR crossed bearishly below the 50-day moving average on October 28, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FIBR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for FIBR's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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 3-day Advance, the price is estimated to grow further. Considering data from situations where FIBR advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .

FIBR 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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FIBR
Daily Signalchanged days ago
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General Information

Category IntermediateTermBond

Profile
Fundamentals
Details
Category
Corporate Bond
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
Web
www.ishares.com