Following a three-decade high of 6.2% in October, US annual inflation could rise even further in November.
Ahead of the data to come out on Friday, some economists predict that inflation will be 6.8% in November. The prediction comes amid supply chain disruptions and demand following re-opening.
"Essentially, the pandemic made it harder for the world to produce stuff and move it around," Reade Pickert and Matthew Boesler wrote for Bloomberg.
"The government shored up incomes in the crisis like never before, so households remained eager to spend. And a combination of lockdowns and Covid caution meant their purchasing power was focused on consumer goods instead of services."
The Aroon Indicator for GOVT entered a downward trend on May 02, 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 .
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 Indicator 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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 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 .
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 286 cases, the price rose further within the following month. The odds of a continued upward trend are .
Category IntermediateGovernment