Technical Analysis for BAL - iPathA Series B Bloomberg Cotton Subindex Total Return ETN

Grade Last Price % Change Price Change
grade B 38.15 1.00% 0.38
BAL closed up 1.0 percent on Wednesday, August 5, 2020, on 40 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical BAL trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%
MACD Bullish Signal Line Cross Bullish 1.00%
Overbought Stochastic Strength 1.00%
Up 3 Days in a Row Strength 1.00%

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Profile

The investment seeks return linked to the performance of the Bloomberg Cotton Subindex Total ReturnSM. The ETN offers exposure to futures contracts and not direct exposure to the physical commodities. The index is composed of one or more futures contracts on the relevant commodity (the “index components”) and is intended to reflect the returns that are potentially available through (1) an unleveraged investment in those contracts plus (2) the rate of interest that could be earned on cash collateral invested in specified Treasury Bills.
Exchange Traded Note Futures Markets

Is BAL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 42.888
52 Week Low 28.45
Average Volume 2,013
200-Day Moving Average 36.97
50-Day Moving Average 36.19
20-Day Moving Average 37.18
10-Day Moving Average 37.00
Average True Range 0.53
ADX 21.87
+DI 44.13
-DI 23.22
Chandelier Exit (Long, 3 ATRs ) 36.87
Chandelier Exit (Short, 3 ATRs ) 36.90
Upper Bollinger Band 38.43
Lower Bollinger Band 35.93
Percent B (%b) 0.89
BandWidth 6.73
MACD Line 0.39
MACD Signal Line 0.33
MACD Histogram 0.0554
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 38.27
Resistance 3 (R3) 38.27 38.23 38.25
Resistance 2 (R2) 38.23 38.20 38.23 38.24
Resistance 1 (R1) 38.19 38.18 38.21 38.19 38.24
Pivot Point 38.15 38.15 38.16 38.15 38.15
Support 1 (S1) 38.11 38.12 38.13 38.11 38.06
Support 2 (S2) 38.07 38.10 38.07 38.06
Support 3 (S3) 38.03 38.07 38.05
Support 4 (S4) 38.03