U.S. consumer price inflation slowed modestly in August compared to July, according to data from the Bureau of Labor Statistics. This potentially suggests the beginning of supply chain constraints easing.
Headline CPI in August rose +5.3% from the year-ago period. It was +5.4% year-over-year in July -- the highest since 2008.
Core inflation, which strips-out volatile components such as food and energy prices, rose +4% year-over-year in August, down from last month's +4.3% which was nearly the highest levels since the early 1990s.
Last week, the Labor Department data indicated that producer prices in August rose +8.3% year-over-year, which was faster than .The rate was also the highest on record. However, it was largely a result of supply-chain limitations due to coronavirus pandemic.
The Aroon Indicator for GOVT entered a downward trend on May 06, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 229 similar instances where the Aroon Indicator formed such a pattern. In of the 229 cases the stock moved lower. This puts the odds of a downward move at .
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
GOVT moved below its 50-day moving average on April 01, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GOVT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GOVT broke above its upper Bollinger Band on May 02, 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.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GOVT's RSI Oscillator exited the oversold zone, of 46 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 02, 2024. You may want to consider a long position or call options on GOVT as a result. In of 92 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 GOVT just turned positive on April 29, 2024. Looking at past instances where GOVT's MACD turned positive, the stock continued to rise in of 55 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 GOVT advanced for three days, in of 285 cases, the price rose further within the following month. The odds of a continued upward trend are .
Category IntermediateGovernment