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IYT Stock iShares Transportation Average ETF (IYT, $74.02) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 6, 2024

A.I.dvisor
at Tickeron.com
11/07/24
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IYT - iShares Transportation Average ETF
MACD signal
Bullish Trend
Odds of UP Trend
Tickeron
MACD signal
Price: $74.02
Daily change: +$3.46 (+4.9%)
Daily volume: 1.3M
Net Assets: $670.5M
This is a Bullish indicator signaling IYT's price could rise from here. Traders may explore going long the stock or buying call options. A.I. dvisor identified 45 similar cases where IYT's MACD histogram became positive, and of them led to successful outcomes. Odds of Success:

IYT sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for IYT moved above the 200-day moving average on October 09, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where IYT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 05, 2024. You may want to consider a long position or call options on IYT as a result. In of 88 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 IYT just turned positive on November 06, 2024. Looking at past instances where IYT'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 IYT advanced for three days, in of 337 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 324 cases where IYT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IYT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

IYT broke above its upper Bollinger Band on November 06, 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.

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IYT
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Category Industrials

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