IYR Stock iShares US Real Estate ETF (IYR, $98.91) entered Uptrend as Momentum indicator ascends above 0 level on Nov 20, 2024
at Tickeron.com
IYR sees its Stochastic Oscillator ascending out of oversold territory
On November 07, 2024, the Stochastic Oscillator for IYR moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 59 instances where the indicator left the oversold zone. In of the 59 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 20, 2024. You may want to consider a long position or call options on IYR as a result. In of 83 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 IYR just turned positive on November 19, 2024. Looking at past instances where IYR's MACD turned positive, the stock continued to rise in of 42 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 IYR advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .
IYR 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
IYR moved below its 50-day moving average on October 29, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for IYR crossed bearishly below the 50-day moving average on November 01, 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 .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IYR 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 IYR entered a downward trend on November 05, 2024. 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 RealEstate