TBF Stock ProShares Short 20+ Year Treasury (TBF, $24.16) price may drop as it broke higher Bollinger Band on Nov 13, 2024

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TBF - ProShares Short 20+ Year Treasury

Bollinger signal

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Odds of DOWN Trend

Price: $24.16

Daily change: +$0.31 (+1.3%)

Daily volume: 439K

Net Assets: $82.1M

TBF in downward trend: price may drop because broke its higher Bollinger Band on November 13, 2024

TBF broke above its upper Bollinger Band on November 13, 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 A.I.dvisor looked at 49 similar instances where the stock broke above the upper band. In of the 49 cases the stock fell afterwards. This puts the odds of success at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for TBF moved out of overbought territory on November 04, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TBF 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 Momentum Indicator moved above the 0 level on November 12, 2024. You may want to consider a long position or call options on TBF as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for TBF just turned positive on November 15, 2024. Looking at past instances where TBF's MACD turned positive, the stock continued to rise in of 49 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 TBF advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 263 cases where TBF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .