BSJT Invesco BulletShares 2029 HY Corp Bd ETF Forecast, Technical & Fundamental Analysis
The investment seeks to track the investment results (before fees and expenses) of the Nasdaq BulletShares® USD High Yield Corporate Bond 2029 Index... Show more
BSJT's RSI Indicator ascending out of oversold territory
The RSI Indicator for BSJT moved out of oversold territory on April 09, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 30 similar instances when the indicator left oversold territory. In of the 30 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 21, 2025. You may want to consider a long position or call options on BSJT as a result. In of 73 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BSJT just turned positive on April 17, 2025. Looking at past instances where BSJT's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .
BSJT moved above its 50-day moving average on May 07, 2025 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BSJT crossed bullishly above the 50-day moving average on May 05, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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 BSJT advanced for three days, in of 248 cases, the price rose further within the following month. The odds of a continued upward trend are .
BSJT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 237 cases where BSJT 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 54 cases where BSJT'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 BSJT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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BSJT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, BSJT has been closely correlated with HYLB. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if BSJT jumps, then HYLB could also see price increases.
| Ticker / NAME | Correlation To BSJT | 1D Price Change % | ||
|---|---|---|---|---|
| BSJT | 100% | -0.05% | ||
| HYLB - BSJT | 97% Closely correlated | N/A | ||
| SJNK - BSJT | 83% Closely correlated | +0.12% | ||
| HYG - BSJT | 80% Closely correlated | +0.06% | ||
| JNK - BSJT | 80% Closely correlated | +0.02% | ||
| USHY - BSJT | 78% Closely correlated | +0.05% | ||
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