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's Indicator enters downward trend
The Aroon Indicator for GOVT entered a downward trend on April 16, 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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on April 05, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GOVT as a result. In of 91 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 April 02, 2024. 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 53 similar instances when the indicator turned negative. In of the 53 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 April 01, 2024 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 March 21, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 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 shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOVT advanced for three days, in of 282 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