The U.S. economy slowed in the final three months of last year to an annual growth rate of 2.6%. That was the slowest pace since the beginning of 2018, as the government shutdown and other economic factors took a toll on growth.
GDP growth in the October-December quarter was down from a 3.4 per cent gain in the third quarter, the Commerce Department reported Thursday. The government cited slower consumer spending as the biggest factor in the slowdown. The 35-day government shutdown took out estimated 0.1% from growth in the fourth quarter. GDP growth for all of 2018 came in at 2.9 per cent, the best showing since 2015.
The Moving Average Convergence Divergence (MACD) for SPY turned positive on February 23, 2024. Looking at past instances where SPY's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on January 18, 2024. You may want to consider a long position or call options on SPY as a result. In of 64 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 SPY advanced for three days, in of 357 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 448 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for SPY moved out of overbought territory on February 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SPY broke above its upper Bollinger Band on February 22, 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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
|ETFs / NAME
|iShares MSCI China Multisector Tech ETF
|FIS Biblically Responsible Risk Mgd ETF
|Invesco FTSE RAFI Dev Mkts ex-US S/M ETF
|Putnam Master Intermediate Income Trust
|SPDR® S&P Oil & Gas Explor & Prodtn ETF
A.I.dvisor indicates that over the last year, SPY has been closely correlated with IVV. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPY jumps, then IVV could also see price increases.