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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF is trading at $24.92, down 0.10% on the session. The 50 day average sits at $23.49 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 60.3, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $24.25 with resistance near $24.79, so that band frames the current range. Average daily movement is roughly $0.30, or about 1.2% of the share price, which is what any stop placement has to allow for. The overall health score of 78 out of 100 combines a trend score of 68, momentum of 80 and a risk score of 92.

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.