CMBS in upward trend: 10-day moving average broke above 50-day moving average on November 13, 2023
The 10-day moving average for CMBS crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 31, 2023. You may want to consider a long position or call options on CMBS as a result. In of 90 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 CMBS just turned positive on October 27, 2023. Looking at past instances where CMBS's MACD turned positive, the stock continued to rise in of 58 cases over the following month. The odds of a continued upward trend are .
CMBS moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CMBS advanced for three days, in of 310 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 252 cases where CMBS 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CMBS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CMBS broke above its upper Bollinger Band on December 01, 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)
Industry description
General Information
Category IntermediateTermBond
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| ARYMX | 11.87 | 0.04 | +0.34% |
| American Century Global Real Estate A | |||
| DGIGX | 41.29 | N/A | N/A |
| BNY Mellon Appreciation I | |||
| TCGCX | 17.62 | -0.01 | -0.06% |
| Thornburg Small/Mid Cap Growth C | |||
| LOGBX | 35.92 | -0.03 | -0.08% |
| Scharf Multi-Asset Opportunity Retail | |||
| HDGRX | 32.24 | -0.07 | -0.22% |
| Hartford Dividend and Growth R3 | |||
CMBS and
Correlation & Price change
A.I.dvisor indicates that over the last year, CMBS has been closely correlated with BIV. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if CMBS jumps, then BIV could also see price increases.
| Ticker / NAME | Correlation To CMBS | 1D Price Change % | ||
|---|---|---|---|---|
| CMBS | 100% | -0.13% | ||
| BIV - CMBS | 75% Closely correlated | -0.39% | ||
| SPAB - CMBS | 73% Closely correlated | -0.32% | ||
| BND - CMBS | 73% Closely correlated | -0.40% | ||
| AGG - CMBS | 72% Closely correlated | -0.38% | ||
| SCHZ - CMBS | 72% Closely correlated | -0.33% |