BLBD Stock Blue Bird (BLBD, $42.15) price moved above its 50-day Moving Average on December 12, 2024
at Tickeron.com
Momentum Indicator for BLBD turns positive, indicating new upward trend
BLBD saw its Momentum Indicator move above the 0 level on December 11, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 87 similar instances where the indicator turned positive. In of the 87 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BLBD's RSI Oscillator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BLBD just turned positive on November 22, 2024. Looking at past instances where BLBD's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
BLBD moved above its 50-day moving average on December 12, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BLBD advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The 50-day moving average for BLBD moved below the 200-day moving average on November 26, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BLBD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BLBD broke above its upper Bollinger Band on December 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 Aroon Indicator for BLBD entered a downward trend on November 26, 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.
