PHB Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on July 10, 2023

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PHB - Invesco Fundamental Hi Yld® Corp Bd ETF

Emerged: 07/10/23

Breakout: $17.29

Price: $17.35

Target price: $17.11

PHB's Indicator enters downward trend

The Aroon Indicator for PHB entered a downward trend on November 07, 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 144 similar instances where the Aroon Indicator formed such a pattern. In of the 144 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 61 cases where PHB's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on November 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PHB as a result. In of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

PHB moved below its 50-day moving average on November 20, 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 PHB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PHB broke above its upper Bollinger Band on November 07, 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.

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for PHB just turned positive on November 07, 2024. Looking at past instances where PHB's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for PHB crossed bullishly above the 50-day moving average on November 19, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 PHB advanced for three days, in of 291 cases, the price rose further within the following month. The odds of a continued upward trend are .