CMDY Stock iShares Bloomberg Roll Sel Brd Cmdty ETF (CMDY, $50.28) Moving Average Convergence Divergence (MACD) Histogram turned negative on October 10, 2024

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CMDY - iShares Bloomberg Roll Sel Brd Cmdty ETF

MACD signal

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Odds of DOWN Trend

Price: $50.28

Daily change: +$0.59 (+1.19%)

Daily volume: 11.2K

Net Assets: $283M

CMDY sees MACD Histogram crosses below signal line

CMDY saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 10, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 46 instances where the indicator turned negative. In of the 46 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 05, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CMDY 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 .

CMDY moved below its 50-day moving average on November 11, 2024 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 November 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 15, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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.

The 50-day moving average for CMDY moved above the 200-day moving average on October 11, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CMDY advanced for three days, in of 375 cases, the price rose further within the following month. The odds of a continued upward trend are .

CMDY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.