BDRY Stock Breakwave Dry Bulk Shipping ETF (BDRY, $5.63) price may climb as it broke lower Bollinger Band on Jan 07, 2025

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BDRY - Breakwave Dry Bulk Shipping ETF

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Odds of UP Trend

Price: $5.63

Daily change: -$0.19 (-3.26%)

Daily volume: 378.1K

Net Assets: $29.6M

BDRY in +2.96% Uptrend, growing for three consecutive days on January 03, 2025

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BDRY advanced for three days, in of 295 cases, the price rose further within the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BDRY's RSI Oscillator exited the oversold zone, of 38 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Moving Average Convergence Divergence (MACD) for BDRY just turned positive on December 18, 2024. Looking at past instances where BDRY's MACD turned positive, the stock continued to rise in of 42 cases over 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.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 06, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on BDRY as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 .

The Aroon Indicator for BDRY entered a downward trend on January 08, 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.