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WOOD Stock iShares Global Timber & Forestry ETF (WOOD, $79.34) Aroon Indicator entered a Downtrend on November 18, 2024.

A.I.dvisor
at Tickeron.com
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WOOD - iShares Global Timber & Forestry ETF
Aroon signal
Bearish Trend
Odds of DOWN Trend
Tickeron
Aroon signal
Price: $79.34
Daily change: +$0.59 (+0.75%)
Daily volume: 12.8K
Net Assets: $175.1M
For the last three days, A.I.dvisor has detected that WOOD's AroonDown red line is above 70 while the AroonUp green line is below 30 for three straight days. This move could indicate a strong downtrend ahead for WOOD, and traders may view it as a Sell signal for the next month. Traders may consider selling the stock or exploring put options. A.I.dvisor backtested this indicator and found 142 similar cases, of which were successful. Based on this data, the odds of success are

WOOD in -1.09% downward trend, falling for three consecutive days on November 14, 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 WOOD declined for three days, in of 273 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on WOOD as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

WOOD moved below its 50-day moving average on November 08, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for WOOD crossed bearishly below the 50-day moving average on October 22, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 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 .

The Aroon Indicator for WOOD entered a downward trend on November 18, 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.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where WOOD's RSI Oscillator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 49 cases where WOOD'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 Moving Average Convergence Divergence (MACD) for WOOD just turned positive on November 21, 2024. Looking at past instances where WOOD's MACD turned positive, the stock continued to rise in of 43 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 WOOD advanced for three days, in of 322 cases, the price rose further within the following month. The odds of a continued upward trend are .

WOOD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

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WOOD
Daily Signalchanged days ago
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General Information

Category NaturalResources

Profile
Fundamentals
Details
Category
Natural Resources
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
Web
www.ishares.com