IBTM's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Oscillator for IBTM moved out of overbought territory on December 09, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 15 instances where the indicator moved out of the overbought zone. In of the 15 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on IBTM as a result. In of 41 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 IBTM turned negative on December 13, 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 22 similar instances when the indicator turned negative. In of the 22 cases the stock turned lower in the days that followed. This puts the odds of success at .
IBTM moved below its 50-day moving average on December 12, 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 IBTM 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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 IBTM crossed bullishly above the 50-day moving average on December 09, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 5 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 IBTM advanced for three days, in of 133 cases, the price rose further within the following month. The odds of a continued upward trend are .
IBTM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 104 cases where IBTM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
IBTM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, IBTM has been closely correlated with IBDS. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if IBTM jumps, then IBDS could also see price increases.
| Ticker / NAME | Correlation To IBTM | 1D Price Change % | ||
|---|---|---|---|---|
| IBTM | 100% | +0.02% | ||
| IBDS - IBTM | 85% Closely correlated | N/A | ||
| IBDR - IBTM | 84% Closely correlated | -0.04% | ||
| BSCQ - IBTM | 76% Closely correlated | +0.05% | ||
| IBDQ - IBTM | 67% Closely correlated | N/A | ||
| BSCP - IBTM | 51% Loosely correlated | +0.05% | ||
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