BON in upward trend: price rose above 50-day moving average on December 24, 2024
BON moved above its 50-day moving average on December 24, 2024 date and that indicates a change from a downward trend to an upward trend. In of 29 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BON advanced for three days, in of 155 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 47 cases where BON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 13, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on BON as a result. In of 58 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BON turned negative on January 10, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 30 similar instances when the indicator turned negative. In of the 30 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BON declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BON and Stocks
Correlation & Price change
A.I.dvisor indicates that over the last year, BON has been closely correlated with PLAG. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if BON jumps, then PLAG could also see price increases.
| Ticker / NAME | Correlation To BON | 1D Price Change % | ||
|---|---|---|---|---|
| BON | 100% | -10.08% | ||
| PLAG - BON | 79% Closely correlated | -1.42% | ||
| ATPC - BON | 12% Poorly correlated | +3.91% | ||
| YNNHF - BON | 9% Poorly correlated | N/A | ||
| BRLS - BON | 8% Poorly correlated | +4.23% | ||
| BTTR - BON | 7% Poorly correlated | +2.40% | ||
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Groups containing BON
Correlation & Price change
| Ticker / NAME | Correlation To BON | 1D Price Change % |
|---|---|---|
| BON | 100% | -10.08% |
| BON (2 stocks) | 68% Closely correlated | -5.04% |
| Process Industries (424 stocks) | -3% Poorly correlated | +0.45% |