IBBQ sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for IBBQ moved below the 200-day moving average on January 03, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IBBQ 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 IBBQ entered a downward trend on December 31, 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 IBBQ's RSI Indicator exited the oversold zone, of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on IBBQ as a result. In of 61 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for IBBQ just turned positive on January 03, 2025. Looking at past instances where IBBQ's MACD turned positive, the stock continued to rise in of 34 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 IBBQ advanced for three days, in of 224 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
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IBBQ and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, IBBQ has been closely correlated with IBB. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if IBBQ jumps, then IBB could also see price increases.
| Ticker / NAME | Correlation To IBBQ | 1D Price Change % | ||
|---|---|---|---|---|
| IBBQ | 100% | +0.14% | ||
| IBB - IBBQ | 98% Closely correlated | -0.23% | ||
| XBI - IBBQ | 91% Closely correlated | +0.09% | ||
| VHT - IBBQ | 77% Closely correlated | -0.63% | ||
| XLV - IBBQ | 69% Closely correlated | -0.67% | ||
| IHI - IBBQ | 50% Loosely correlated | +0.37% |