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BDC Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Descending BDC on December 17, 2024, netting in a 0.00% gain over 0 days

A.I.dvisor
at Tickeron.com
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+0.00% Gain from a Successful pattern Broadening Wedge Descending
BDC - Belden
Tickeron
Ticker: BDC
Company: Belden
Gain from shortening: 0%
Confirmed: 12/17/24
Succeeded: 12/17/24
Total length: 0 day
On December 17, 2024, A.I.dvisor detected a Broadening Wedge Descending Pattern (Bearish) for Belden (BDC, $118.85). On December 17, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On December 17, 2024, the stock hit the target price of $113.79 – resulting in a gain for traders who shorted the stock on the pattern detection date.

BDC in -7.86% downward trend, falling for three consecutive days on December 18, 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 BDC declined for three days, in of 286 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 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BDC as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

BDC moved below its 50-day moving average on December 17, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for BDC crossed bearishly below the 50-day moving average on December 19, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 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 .

Bullish Trend Analysis

The Stochastic Oscillator demonstrated 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.

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

Fundamental Analysis (Ratings)

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BDC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.198) is normal, around the industry mean (8.215). P/E Ratio (16.039) is within average values for comparable stocks, (91.676). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.815). BDC has a moderately low Dividend Yield (0.002) as compared to the industry average of (0.042). P/S Ratio (1.549) is also within normal values, averaging (26.513).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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General Information

a provider of innovative signal transmission solutions, which includes industry secure and reliable transmission of data, sound and video for mission critical applications

Industry TelecommunicationsEquipment

Profile
Fundamentals
Details
Industry
Electrical Products
Address
1 North Brentwood Boulevard
Phone
+1 314 854-8000
Employees
8000
Web
https://www.belden.com