IWD in downward trend: price may drop because broke its higher Bollinger Band on November 25, 2024
IWD broke above its upper Bollinger Band on November 25, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 41 similar instances where the stock broke above the upper band. In of the 41 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on IWD as a result. In of 83 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 IWD turned negative on December 05, 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 55 similar instances when the indicator turned negative. In of the 55 cases the stock turned lower in the days that followed. This puts the odds of success at .
IWD moved below its 50-day moving average on December 12, 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 IWD 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 RSI Indicator demonstrates 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.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IWD advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 331 cases where IWD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category LargeValue
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| GDLC | 49.00 | 1.35 | +2.83% |
| Grayscale Digital Large Cap Fund LLC | |||
| EMIF | 21.67 | 0.48 | +2.28% |
| iShares Emerging Markets Infras ETF | |||
| BSCP | 20.69 | 0.01 | +0.05% |
| Invesco BulletShares 2025 Corp Bd ETF | |||
| BUXX | 20.32 | -0.01 | -0.05% |
| Strive Enhanced Income Short MaturityETF | |||
| CUT | 33.58 | -0.24 | -0.72% |
| Invesco MSCI Global Timber ETF | |||
IWD and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, IWD has been closely correlated with VONV. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if IWD jumps, then VONV could also see price increases.
| Ticker / NAME | Correlation To IWD | 1D Price Change % | ||
|---|---|---|---|---|
| IWD | 100% | -0.70% | ||
| VONV - IWD | 99% Closely correlated | -0.73% | ||
| FELV - IWD | 99% Closely correlated | -0.59% | ||
| IUSV - IWD | 99% Closely correlated | -1.17% | ||
| JAVA - IWD | 99% Closely correlated | -0.67% | ||
| SPYV - IWD | 98% Closely correlated | -0.55% | ||
More | ||||