ICOP iShares Copper and Metals Mining ETF Forecast, Technical & Fundamental Analysis

ICOP in upward trend: price expected to rise as it breaks its lower Bollinger Band on January 28, 2025

ICOP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 11 cases where ICOP's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for ICOP just turned positive on February 05, 2025. Looking at past instances where ICOP's MACD turned positive, the stock continued to rise in of 13 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for ICOP crossed bullishly above the 50-day moving average on February 14, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 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 ICOP advanced for three days, in of 96 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 23 cases where ICOP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on February 21, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on ICOP as a result. In of 27 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

ICOP moved below its 50-day moving average on February 21, 2025 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ICOP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .