PIT VanEck Commodity Strategy ETF Forecast, Technical & Fundamental Analysis

PIT saw its Stochastic Oscillator leaves the overbought zone

The Stochastic Oscillator for PIT moved out of overbought territory on December 17, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 24 similar instances where the indicator exited the overbought zone. In of the 24 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

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

PIT broke above its upper Bollinger Band on December 11, 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 Momentum Indicator moved above the 0 level on December 10, 2024. You may want to consider a long position or call options on PIT as a result. In of 33 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 09, 2024. Looking at past instances where PIT's MACD turned positive, the stock continued to rise in of 16 cases over the following month. The odds of a continued upward trend are .

PIT moved above its 50-day moving average on December 09, 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 December 16, 2024. 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 .

The Aroon Indicator entered an Uptrend today. In of 72 cases where PIT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .