PIT VanEck Commodity Strategy ETF Forecast, Technical & Fundamental Analysis

PIT in -0.52% downward trend, falling for three consecutive days on December 27, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PIT declined for three days, in of 109 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 31, 2024. You may want to consider a long position or call options on PIT as a result. In of 34 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 PIT just turned positive on December 31, 2024. Looking at past instances where PIT's MACD turned positive, the stock continued to rise in of 17 cases over the following month. The odds of a continued upward trend are .

PIT moved above its 50-day moving average on December 31, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PIT crossed bullishly above the 50-day moving average on January 02, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 7 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 PIT advanced for three days, in of 140 cases, the price rose further within the following month. The odds of a continued upward trend are .