GSG iShares S&P GSCI Commodity-Indexed Trust Forecast, Technical & Fundamental Analysis

GSG's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for GSG turned positive on December 10, 2024. Looking at past instances where GSG's MACD turned positive, the stock continued to rise in of 54 cases 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 December 10, 2024. You may want to consider a long position or call options on GSG as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

GSG moved above its 50-day moving average on December 11, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for GSG crossed bullishly above the 50-day moving average on December 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 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 GSG advanced for three days, in of 362 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated 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.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GSG 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 GSG entered a downward trend on November 18, 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.