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
BDRY in -11.77% downward trend, sliding for three consecutive days on April 04, 2025
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 BDRY declined for three days, in of 309 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on March 25, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on BDRY as a result. In of 86 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 BDRY turned negative on March 24, 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 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .
BDRY moved below its 50-day moving average on April 03, 2025 date and that indicates a change from an upward trend to a downward trend.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for BDRY's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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 297 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.
The Aroon Indicator entered an Uptrend today. In of 201 cases where BDRY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Miscellaneous
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| ABWIX | 14.77 | -0.53 | -3.46% |
| AB All Market Total Return I | |||
| ESPCX | 28.77 | -1.21 | -4.04% |
| Allspring Special Small Cap Value C | |||
| CICGX | 9.11 | -0.51 | -5.30% |
| AB Concentrated International Growth C | |||
| SUGYX | 11.22 | -0.67 | -5.63% |
| Victory Pioneer Global Growth Y | |||
| SCPAX | 9.17 | -0.57 | -5.85% |
| SEI Large Cap Disciplined Eq A (SIIT) | |||
BDRY and ETFs
Correlation & Price change
A.I.dvisor tells us that BDRY and EWG have been poorly correlated (+12% 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% | -6.64% | ||
| EWG - BDRY | 12% Poorly correlated | -6.56% | ||
| BBCA - BDRY | 8% Poorly correlated | -5.54% | ||
| EWU - BDRY | 8% Poorly correlated | -7.14% | ||
| EWA - BDRY | 7% Poorly correlated | -9.03% | ||
| EWC - BDRY | 5% Poorly correlated | -5.44% | ||
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