IYK Stock iShares US Consumer Staples ETF (IYK, $64.36) price may climb as it broke lower Bollinger Band on Jan 06, 2025

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IYK - iShares US Consumer Staples ETF

Bollinger signal

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Odds of UP Trend

Price: $64.36

Daily change: -$1.04 (-1.59%)

Daily volume: 102.6K

Net Assets: $1.2B

IYK's RSI Indicator is staying in oversold zone for 2 days

It is expected that a price bounce should occur soon.

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IYK advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .

IYK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IYK 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 IYK 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.