IYT Stock iShares Transportation Average ETF (IYT, $72) entered Downtrend as Momentum indicator drops below 0 level on Nov 20, 2024

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IYT - iShares Transportation Average ETF

Momentum signal

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Odds of DOWN Trend

Price: $72

Daily change: +$0.03 (+0.04%)

Daily volume: 454.2K

Net Assets: $727M

IYT sees MACD Histogram crosses below signal line

IYT saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 19, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 46 instances where the indicator turned negative. In of the 46 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for IYT moved out of overbought territory on November 07, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 similar instances where the indicator moved out of overbought territory. In of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

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.

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 57 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 22, 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IYT advanced for three days, in of 338 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 326 cases where IYT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .