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AVK
ETF ticker: NYSE
AS OF
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Price
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Net Assets
405.44M

AVK Price Prediction, Advent Convertible and Income Fund AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for AVK with price predictions
07:00 PM EST Nov 29, 2023

AVK's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for AVK turned positive on November 01, 2023. Looking at past instances where AVK's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on AVK as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

AVK moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for AVK crossed bullishly above the 50-day moving average on November 16, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 AVK advanced for three days, in of 371 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 306 cases where AVK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for AVK moved out of overbought territory on November 30, 2023. 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 42 similar instances where the indicator moved out of overbought territory. In of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 67 cases where AVK's Stochastic Oscillator exited the overbought zone, the price fell further within 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 AVK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AVK broke above its upper Bollinger Band on November 03, 2023. 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

Advent Convertible & Income Fund Formerly Advent Claymore Convt Security & Income Fund is a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of capital appreciation and current income. The Fund invests in various sectors, such as communications, utilities, energy, industrial, technology, and others.
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published General Information

General Information

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Convertibles
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AVK and

Correlation & Price change

A.I.dvisor indicates that over the last year, AVK has been closely correlated with CWB. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if AVK jumps, then CWB could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AVK
1D Price
Change %
AVK100%
-0.48%
CWB - AVK
77%
Closely correlated
+0.13%
ICVT - AVK
75%
Closely correlated
N/A
CHY - AVK
66%
Closely correlated
+0.26%
CCD - AVK
66%
Closely correlated
-0.05%
CHI - AVK
66%
Loosely correlated
-0.79%