IBDV sees MACD Histogram just turned negative
IBDV saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 16, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on IBDV as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
IBDV moved below its 50-day moving average on December 17, 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 IBDV 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 IBDV entered a downward trend on November 26, 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 IBDV's RSI Oscillator exited the oversold zone, of 36 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 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.
The 10-day moving average for IBDV crossed bullishly above the 50-day moving average on December 06, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 IBDV advanced for three days, in of 263 cases, the price rose further within the following month. The odds of a continued upward trend are .
IBDV may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
IBDV and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, IBDV has been closely correlated with IBDS. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if IBDV jumps, then IBDS could also see price increases.
| Ticker / NAME | Correlation To IBDV | 1D Price Change % | ||
|---|---|---|---|---|
| IBDV | 100% | +0.33% | ||
| IBDS - IBDV | 93% Closely correlated | +0.08% | ||
| IBDR - IBDV | 88% Closely correlated | +0.08% | ||
| BSCQ - IBDV | 78% Closely correlated | +0.05% | ||
| IBDQ - IBDV | 72% Closely correlated | N/A | ||
| BSCP - IBDV | 51% Loosely correlated | +0.02% | ||
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