IYM iShares US Basic Materials ETF Forecast, Technical & Fundamental Analysis
The investment seeks to track the investment results of the Russell 1000 Basic Materials RIC 22... Show more
IYM's RSI Oscillator ascending out of oversold territory
The RSI Indicator for IYM moved out of oversold territory on April 09, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 21, 2025. You may want to consider a long position or call options on IYM as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for IYM just turned positive on April 17, 2025. Looking at past instances where IYM's MACD turned positive, the stock continued to rise in of 45 cases 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 IYM advanced for three days, in of 353 cases, the price rose further within the following month. The odds of a continued upward trend are .
IYM 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
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
IYM moved below its 50-day moving average on March 27, 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 IYM 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 IYM entered a downward trend on April 07, 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 NaturalResources
IYM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, IYM has been closely correlated with XLB. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if IYM jumps, then XLB could also see price increases.