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PBE Stock Tickeron detected bearish ETF Pattern: Wedge Falling PBE on February 26, 2025, netting in a 4.16% gain over 1 month

A.I.dvisor
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+4.16% Gain from a Successful pattern Wedge Falling
PBE - Invesco Biotechnology & Genome ETF
Tickeron
Ticker: PBE
Company: Invesco Biotechnology & Genome ETF
Gain from shorting: +4.16%
Confirmed: 02/26/25
Succeeded: 03/31/25
Total length: 33 days
On February 26, 2025, A.I.dvisor detected a Wedge Falling Pattern (Bearish) for Invesco Biotechnology & Genome ETF (PBE, $66.20). On February 26, 2025, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On March 31, 2025, the stock hit the target price of $62.12 – resulting in a gain for traders who shorted the stock on the pattern detection date.

PBE sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for PBE moved below the 200-day moving average on February 27, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on March 28, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on PBE as a result. In of 95 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 PBE turned negative on March 28, 2025. 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 45 similar instances when the indicator turned negative. In of the 45 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 PBE 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 PBE entered a downward trend on March 24, 2025. 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 PBE's RSI Indicator exited the oversold zone, of 28 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 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PBE advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

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PBE
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General Information

Category Health

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Fundamentals
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Category
Health
Address
Powershares Exchange Traded Fund Trust227 E Prairie AveWheaton
Phone
N/A
Web
www.invescopowershares.com