abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI)

abrdn Bloomberg All Commodity Strategy K-1 Free ETF is trading at $26.05, up 1.32% on the session. The 50 day average sits at $23.82 and the 200 day at $23.18, which puts the stock in a uptrend. RSI is at 66.2, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $24.98 with resistance near $25.59, so that band frames the current range. Average daily movement is roughly $0.29, or about 1.1% of the share price, which is what any stop placement has to allow for. The overall health score of 87 out of 100 combines a trend score of 93, momentum of 81 and a risk score of 86.

The index reflects the return on a fully collateralized investment in the Bloomberg Commodity IndexSM (“BCOM”), which is composed of futures contracts on physical commodities and is designed to be a highly liquid and broad-based benchmark for commodities futures investments. The fund invests in exchange-traded commodity futures contracts through a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands (the “Subsidiary”). It is non-diversified.