PICB Stock Invesco International Corporate Bond ETF (PICB, $23.33) Moving Average Convergence Divergence (MACD) Histogram turned negative on September 25, 2024
at Tickeron.com
PICB in downward trend: 10-day moving average crossed below 50-day moving average on October 14, 2024
The 10-day moving average for PICB crossed bearishly below the 50-day moving average on October 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PICB 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 PICB entered a downward trend on November 15, 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 RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PICB advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .
PICB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category WorldBond