Inflation rate slows, as energy prices cool off
U.S. inflation slowed again last month, even as core consumer price index accelerated.
The headline consumer price index (CPI) in August rose +8.3% year-over-year, compared to +8.5% in July. The figure, however, exceeded the Street consensus forecast of 8.1%.
While the energy price fell -5% from the year-ago period, food price inflation came in at +11.4% y/y (the fastest pace since April 1979).
The core inflation gauge, which excludes volatile components such as food and energy prices, climbed +6.3% year-over-year, beating the Street forecasts.
GOVT in -0.61% downward trend, declining for three consecutive days on May 25, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where GOVT declined for three days, in of 276 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 16, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on GOVT as a result. In of 86 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 .
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
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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% | +0.35% | ||
| VGIT - GOVT | 98% Closely correlated | +0.27% | ||
| SCHR - GOVT | 98% Closely correlated | +0.24% | ||
| SPTI - GOVT | 98% Closely correlated | +0.31% | ||
| IEI - GOVT | 96% Closely correlated | +0.21% | ||
| SPMB - GOVT | 93% Closely correlated | +0.78% | ||
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