HCRB Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on January 22, 2024

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HCRB - Hartford Core Bond ETF

Emerged: 01/22/24

Breakout: $34.77

Price: $34.83

Target price: $34.41

HCRB in downward trend: 10-day moving average moved below 50-day moving average on October 11, 2024

The 10-day moving average for HCRB crossed bearishly below the 50-day moving average on October 11, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 10 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 .

Technical Analysis (Indicators)

Bearish Trend Analysis

HCRB moved below its 50-day moving average on October 04, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HCRB 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 HCRB entered a downward trend on November 07, 2024. 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 HCRB's RSI Indicator exited the oversold zone, of 40 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 57 cases where HCRB's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for HCRB just turned positive on November 07, 2024. Looking at past instances where HCRB's MACD turned positive, the stock continued to rise in of 46 cases 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 HCRB advanced for three days, in of 301 cases, the price rose further within the following month. The odds of a continued upward trend are .

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