IBTE in downward trend: price may drop because broke its higher Bollinger Band on November 29, 2024
IBTE broke above its upper Bollinger Band on November 29, 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 40 similar instances where the stock broke above the upper band. In of the 40 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for IBTE turned negative on December 10, 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 60 similar instances when the indicator turned negative. In of the 60 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 IBTE advanced for three days, in of 186 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 461 cases where IBTE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| DVSMX | 24.87 | N/A | N/A |
| Driehaus Small Cap Growth Investor | |||
| APWIX | 12.74 | -0.04 | -0.31% |
| AB Sustainable Thematic Bal Port I | |||
| FZALX | 26.21 | -0.14 | -0.53% |
| Fidelity Advisor Mega Cap Stock Z | |||
| ISPVX | 20.65 | -0.20 | -0.96% |
| Delaware Ivy Smid Cap Core Fund Class R6 | |||
| FMMMX | 44.52 | -2.81 | -5.95% |
| American Funds AMCAP 529-F-2 | |||
IBTE and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, IBTE has been closely correlated with IBDP. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if IBTE jumps, then IBDP could also see price increases.
| Ticker / NAME | Correlation To IBTE | 1D Price Change % | ||
|---|---|---|---|---|
| IBTE | 100% | N/A | ||
| IBDP - IBTE | 75% Closely correlated | N/A | ||
| IBTF - IBTE | 59% Loosely correlated | N/A | ||
| IBDQ - IBTE | 56% Loosely correlated | N/A | ||
| IBTG - IBTE | 43% Loosely correlated | N/A | ||
| IBDR - IBTE | 37% Loosely correlated | -0.04% | ||
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