Consumer price index rose +0.3% in January
U.S. consumer prices increased moderately in January.
On Wednesday, the Labor Department released data that showed consumer price index rose +0.3% in January, following a +0.4% increase in December. In the 12 months through January, the index rose +1.4% after a similar rise in December.
Economists polled by Reuters had forecast the CPI rising +0.3% month-over-month, and +1.5% year-on-year.
GOVT's Indicator enters downward trend
The Aroon Indicator for GOVT entered a downward trend on June 07, 2023. 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 207 similar instances where the Aroon Indicator formed such a pattern. In of the 207 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on June 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on GOVT as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for GOVT turned negative on May 08, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
GOVT moved below its 50-day moving average on May 17, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for GOVT crossed bearishly below the 50-day moving average on May 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 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 .
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 .
Bullish Trend Analysis
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 41 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 57 cases where GOVT'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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOVT advanced for three days, in of 291 cases, the price rose further within the following month. The odds of a continued upward trend are .
GOVT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category IntermediateGovernment
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| ESIX | 26.71 | 0.62 | +2.36% |
| SPDR S&P SmallCap 600 ESG ETF | |||
| AVK | 11.48 | 0.02 | +0.17% |
| Advent Convertible and Income Fund | |||
| SLQD | 48.09 | -0.08 | -0.17% |
| iShares 0-5 Year Invmt Grade Corp Bd ETF | |||
| RSEE | 25.77 | -0.07 | -0.27% |
| Rareview Systematic Equity ETF | |||
| IFGL | 20.43 | -0.11 | -0.52% |
| iShares International Dev Real Est ETF | |||
GOVT and
Correlation & Price change
A.I.dvisor indicates that over the last year, GOVT has been closely correlated with VGIT. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if GOVT jumps, then VGIT could also see price increases.
| Ticker / NAME | Correlation To GOVT | 1D Price Change % | ||
|---|---|---|---|---|
| GOVT | 100% | -0.48% | ||
| VGIT - GOVT | 98% Closely correlated | -0.44% | ||
| SCHR - GOVT | 98% Closely correlated | -0.48% | ||
| SPTI - GOVT | 98% Closely correlated | -0.42% | ||
| IEI - GOVT | 96% Closely correlated | -0.37% | ||
| SPMB - GOVT | 93% Closely correlated | -0.41% | ||
More | ||||
