IWDL ETRACS 2x Leveraged US Value Fctr TR ETN Forecast, Technical & Fundamental Analysis
IWDL in upward trend: price expected to rise as it breaks its lower Bollinger Band on December 20, 2024
IWDL 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 29 cases where IWDL'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
Bearish Trend Analysis
The 10-day moving average for IWDL crossed bearishly below the 50-day moving average on December 20, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 .
The Aroon Indicator for IWDL entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Trading
IWDL and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, IWDL has been closely correlated with FEDL. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if IWDL jumps, then FEDL could also see price increases.
| Ticker / NAME | Correlation To IWDL | 1D Price Change % | ||
|---|---|---|---|---|
| IWDL | 100% | N/A | ||
| FEDL - IWDL | 73% Closely correlated | N/A | ||
| SPXL - IWDL | 73% Closely correlated | +2.79% | ||
| QULL - IWDL | 69% Closely correlated | N/A | ||
| IFED - IWDL | 63% Loosely correlated | N/A | ||
| MLPR - IWDL | 60% Loosely correlated | N/A | ||
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