BDRY Breakwave Dry Bulk Shipping ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investors with exposure to the daily change in the price of dry bulk freight futures, before expenses and liabilities of the fund, by tracking the performance of a portfolio consisting of a three-month strip of the nearest calendar quarter of futures contracts on specified indexes that measure rates for shipping dry bulk freight... Show more
Momentum Indicator for BDRY turns negative, indicating new downward trend
BDRY saw its Momentum Indicator move below the 0 level on May 07, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 87 similar instances where the indicator turned negative. In of the 87 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for BDRY turned negative on May 08, 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 42 similar instances when the indicator turned negative. In of the 42 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 BDRY 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 BDRY entered a downward trend on May 30, 2025. 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BDRY advanced for three days, in of 294 cases, the price rose further within the following month. The odds of a continued upward trend are .
BDRY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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General Information
Category Miscellaneous
BDRY and ETFs
Correlation & Price change
A.I.dvisor tells us that BDRY and EWG have been poorly correlated (+8% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BDRY and EWG's prices will move in lockstep.
| Ticker / NAME | Correlation To BDRY | 1D Price Change % | ||
|---|---|---|---|---|
| BDRY | 100% | N/A | ||
| EWG - BDRY | 8% Poorly correlated | +0.29% | ||
| EWU - BDRY | 8% Poorly correlated | +0.33% | ||
| EWA - BDRY | 7% Poorly correlated | +0.66% | ||
| BBCA - BDRY | 6% Poorly correlated | +0.50% | ||
| EWC - BDRY | 5% Poorly correlated | +0.40% | ||
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