CDX Simplify High Yield ETF Forecast, Technical & Fundamental Analysis
The investment seeks to maximize current income by investing primarily in high-yield bonds through swaps on exchange traded funds while mitigating credit risk... Show more
Momentum Indicator for CDX turns negative, indicating new downward trend
CDX saw its Momentum Indicator move below the 0 level on April 03, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 56 similar instances where the indicator turned negative. In of the 56 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 39 cases where CDX's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CDX turned negative on April 04, 2025. 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 32 similar instances when the indicator turned negative. In of the 32 cases the stock turned lower in the days that followed. This puts the odds of success at .
CDX moved below its 50-day moving average on April 04, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CDX 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 entered the oversold zone -- be on the watch for CDX's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CDX advanced for three days, in of 172 cases, the price rose further within the following month. The odds of a continued upward trend are .
CDX 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 128 cases where CDX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category HighYieldBond
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| DFESX | 13.99 | -0.58 | -3.98% |
| DFA Emerging Markets Social Core Port | |||
| FMAMX | 66.59 | -4.13 | -5.84% |
| Fidelity Advisor Stock Sel A | |||
| DCFGX | 27.02 | -1.77 | -6.15% |
| Dunham Focused Large Cap Growth C | |||
| AMONX | 18.22 | -1.23 | -6.32% |
| AQR Large Cap Momentum Style N | |||
| WCPSX | 31.15 | -2.92 | -8.57% |
| Communication Services UltraSectorProSvc | |||
CDX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CDX has been loosely correlated with SJNK. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if CDX jumps, then SJNK could also see price increases.
| Ticker / NAME | Correlation To CDX | 1D Price Change % | ||
|---|---|---|---|---|
| CDX | 100% | -5.02% | ||
| SJNK - CDX | 63% Loosely correlated | -1.69% | ||
| USHY - CDX | 50% Loosely correlated | -1.65% | ||
| JNK - CDX | 50% Loosely correlated | -1.54% | ||
| HYG - CDX | 50% Loosely correlated | -1.43% | ||
| SPHY - CDX | 47% Loosely correlated | -1.65% | ||
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