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CMDY
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
278.52M

CMDY iShares Bloomberg Roll Sel Brd Cmdty ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CMDY with price predictions
07:00 PM EST Dec 05, 2023

CMDY in +1.34% Uptrend, growing for three consecutive days on November 29, 2023

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 CMDY advanced for three days, in of 371 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for CMDY'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 demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

CMDY 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 December 04, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CMDY as a result. In of 79 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 CMDY turned negative on December 04, 2023. 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

CMDY moved below its 50-day moving average on November 07, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CMDY crossed bearishly below the 50-day moving average on October 31, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 CMDY 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 CMDY entered a downward trend on November 28, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to track the investment results of the Bloomberg Roll Select Commodity composed of a broad range of commodity exposures with enhanced roll selection, on a total return basis. The index measures the performance of 23 futures contracts across 21 physical agricultural, energy, precious metals and industrial metals commodities. In seeking to achieve its investment objective, the fund will primarily invest in exchange-traded futures contracts on the underlying index, and the adviser is expected to roll out of existing positions in index futures and establish new positions in index futures on an ongoing basis. It is non-diversified.
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A.I. Advisor
published General Information

General Information

Category CommoditiesBroadBasket

Profile
Fundamentals
Details
Category
Commodities Broad Basket
Address
iShares U.S. ETF Trust200 Clarendon StreetBoston
Phone
(415) 670-2000
Web
www.iShares.com
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CMDY and

Correlation & Price change

A.I.dvisor indicates that over the last year, CMDY has been closely correlated with BCI. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if CMDY jumps, then BCI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CMDY
1D Price
Change %
CMDY100%
-1.87%
BCI - CMDY
95%
Closely correlated
-2.17%
FTGC - CMDY
91%
Closely correlated
-2.06%
DBC - CMDY
89%
Closely correlated
-2.43%
PDBC - CMDY
89%
Closely correlated
-2.42%
GSG - CMDY
85%
Closely correlated
-2.78%
More