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BDRY
ETF ticker: NYSE ARCA
AS OF
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Net Assets
51.68M

BDRY Breakwave Dry Bulk Shipping ETF Forecast, Technical & Fundamental Analysis

Category Miscellaneous
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for BDRY with price predictions
07:00 PM EST Dec 07, 2023

Aroon Indicator for BDRY shows an upward move is likely

BDRY's Aroon Indicator triggered a bullish signal on December 08, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 182 similar instances where the Aroon Indicator showed a similar pattern. In of the 182 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 08, 2023. You may want to consider a long position or call options on BDRY as a result. In of 73 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BDRY just turned positive on November 09, 2023. Looking at past instances where BDRY's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .

BDRY moved above its 50-day moving average on November 09, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BDRY crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BDRY advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for BDRY moved out of overbought territory on December 05, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 50 cases where BDRY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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 .

BDRY broke above its upper Bollinger Band on November 29, 2023. 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

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. The fund seeks to achieve its investment objective by investing substantially all of its assets in the Freight Futures currently constituting the Benchmark Portfolio. The Benchmark Portfolio includes a combination of Capesize, Panamax and Supramax Freight Futures.
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A.I. Advisor
published General Information

General Information

Category Miscellaneous

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Fundamentals
Details
Category
Miscellaneous Region
Address
ETF Managers Group Commodity Trust I35 Beechwood Road,Suite BSummit
Phone
(908) 897-0510
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BDRY and

Correlation & Price change

A.I.dvisor tells us that BDRY and EWU have been poorly correlated (+19% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BDRY and EWU's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BDRY
1D Price
Change %
BDRY100%
+4.32%
EWU - BDRY
19%
Poorly correlated
+0.25%
EWA - BDRY
15%
Poorly correlated
+0.35%
EWC - BDRY
14%
Poorly correlated
+0.40%
BBCA - BDRY
13%
Poorly correlated
+0.38%
EWY - BDRY
11%
Poorly correlated
+0.58%