ITB Stock iShares US Home Construction ETF (ITB, $118.1) Moving Average Convergence Divergence (MACD) Histogram turned negative on November 12, 2024

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ITB - iShares US Home Construction ETF

MACD signal

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Odds of DOWN Trend

Price: $118.1

Daily change: -$3.42 (-2.81%)

Daily volume: 2.2M

Net Assets: $3.5B

ITB in downward trend: 10-day moving average broke below 50-day moving average on October 30, 2024

The 10-day moving average for ITB crossed bearishly below the 50-day moving average on October 30, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 68 cases where ITB's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ITB turned negative on November 12, 2024. 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

ITB moved below its 50-day moving average on October 22, 2024 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 ITB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 08, 2024. You may want to consider a long position or call options on ITB as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 ITB advanced for three days, in of 336 cases, the price rose further within the following month. The odds of a continued upward trend are .