IBND Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Top IBND on October 03, 2024, netting in a 2.08% gain over 1 month

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IBND - SPDR® Blmbg Intl Corp Bd ETF

Ticker: IBND

Company: SPDR® Blmbg Intl Corp Bd ETF

Gain from shortening: +2.08%

Confirmed: 10/03/24

Succeeded: 10/22/24

Total length: 40 days

IBND's Indicator enters downward trend

The Aroon Indicator for IBND entered a downward trend on November 08, 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 239 similar instances where the Aroon Indicator formed such a pattern. In of the 239 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on IBND as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for IBND turned negative on November 11, 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 37 similar instances when the indicator turned negative. In of the 37 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IBND 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 IBND'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 8 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 IBND advanced for three days, in of 283 cases, the price rose further within the following month. The odds of a continued upward trend are .

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