US inflation rises to +6.4% y-o-y in October, the fastest in threee decades
U.S. consumer price annual inflation in October reached the fastest pace in 30 years , as revealed in the Bureau of Labor Statistics data.
Headline CPI in October was estimated to be 6.2% year-over-year, up from the 5.4% pace in September. October pace is the fastest rate since 1990. Month-over-month, inflation was up +0.9%.
Core inflation, which strips-out volatile components food and energy prices, was +0.6% on the month, and +4.6% year-over-year.
The increase in prices for energy, rent, food, cars and many other goods and services is weighing on consumer purchasing power.
Fed Chairman Jerome Powell and other senior Fed leaders have said that inflation should cool off next year and fall back close to their 2% target, but they also indicated that upward price pressures have been stronger than they anticipated.
GOVT's Indicator enters downward trend
The Aroon Indicator for GOVT entered a downward trend on May 16, 2022. 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 196 similar instances where the Aroon Indicator formed such a pattern. In 89 of the 196 cases the stock moved lower. This puts the odds of a downward move at 45%.
Current price $24.07 crossed the resistance line at $24.02 and is trading between $25.88 resistance and $24.02 resistance lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -1% Downtrend, while the week of 05/09/22 - 05/16/22 shows a +0.48% Uptrend.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 34%.
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, 7 of 36 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 19%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 19 of 58 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 33%.
The Momentum Indicator moved above the 0 level on May 16, 2022. You may want to consider a long position or call options on GOVT as a result. In 22 of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 26%.
The Moving Average Convergence Divergence (MACD) for GOVT just turned positive on May 09, 2022. Looking at past instances where GOVT's MACD turned positive, the stock continued to rise in 17 of 50 cases over the following month. The odds of a continued upward trend are 34%.
Following a +0.60% 3-day Advance, the price is estimated to grow further. Considering data from situations where GOVT advanced for three days, in 106 of 281 cases, the price rose further within the following month. The odds of a continued upward trend are 38%.
GOVT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 1.00% within the next month with a likelihood of 70%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.12.
The investment seeks to track the investment results of the ICE U.S. Treasury Core Bond Index (the "underlying index"). The fund will invest at least 80% of its assets in the component securities of the underlying index and will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the fund track the underlying index. The underlying index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than one year and less than or equal to thirty years and have $300 million or more of outstanding face value.
Ticker has a Positive Outlook today. Tickeron has a positive outlook on this ticker and predicts a further increase by more than 1.00% within the next month with a likelihood of 70%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.12.
1 stock in the group of tickers exhibit a similar positive trend based on the 15 indicator with an average likelihood of 36%.