GFEB in downward trend: price expected to drop as it breaks its higher Bollinger Band on November 26, 2024
GFEB broke above its upper Bollinger Band on November 26, 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 A.I.dvisor looked at 15 similar instances where the stock broke above the upper band. In of the 15 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for GFEB moved out of overbought territory on December 16, 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 20 similar instances where the indicator moved out of overbought territory. In of the 20 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 24 cases where GFEB'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 GFEB turned negative on December 09, 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 20 similar instances when the indicator turned negative. In of the 20 cases the stock turned lower in the days that followed. This puts the odds of success at .
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GFEB advanced for three days, in of 155 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 204 cases where GFEB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
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GFEB and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, GFEB has been closely correlated with FMAR. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if GFEB jumps, then FMAR could also see price increases.
| Ticker / NAME | Correlation To GFEB | 1D Price Change % | ||
|---|---|---|---|---|
| GFEB | 100% | +0.04% | ||
| FMAR - GFEB | 90% Closely correlated | -0.11% | ||
| FSEP - GFEB | 89% Closely correlated | -0.17% | ||
| FJUL - GFEB | 88% Closely correlated | -0.18% | ||
| HELO - GFEB | 88% Closely correlated | +0.06% | ||
| FNOV - GFEB | 86% Closely correlated | -0.25% | ||
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