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MFEM Stock PIMCO RAFI Dyn Mlt-Fctr Emrg Mkts Eq ETF (MFEM, $20.15) price may drop as it broke higher Bollinger Band on Dec 09, 2024

A.I.dvisor
at Tickeron.com
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MFEM - PIMCO RAFI Dyn Mlt-Fctr Emrg Mkts Eq ETF
Bollinger signal
Bearish Trend
Odds of DOWN Trend
Tickeron
Bollinger signal
Price: $20.15
Daily change: +$0.34 (+1.71%)
Daily volume: 9.1K
Net Assets: $101.2M
This price move could be a signal that MFEM may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 43 similar cases where MFEM's price broke its higher Bollinger Band, and of them led to a successful outcome. Odds of Success:

MFEM in -0.86% downward trend, declining for three consecutive days on December 17, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where MFEM declined for three days, in of 274 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MFEM as a result. In of 87 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 10-day moving average for MFEM crossed bearishly below the 50-day moving average on November 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

MFEM broke above its upper Bollinger Band on December 09, 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 Aroon Indicator for MFEM entered a downward trend on November 18, 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 Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Moving Average Convergence Divergence (MACD) for MFEM just turned positive on November 29, 2024. Looking at past instances where MFEM's MACD turned positive, the stock continued to rise in of 48 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 MFEM advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .

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MFEM
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General Information

Category DiversifiedEmergingMkts

Profile
Fundamentals
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Category
Diversified Emerging Mkts
Address
PIMCO Equity Series650 Newport Center DriveNewport Beach
Phone
N/A
Web
www.pimco.com