CEFS Saba Closed-End Funds ETF Forecast, Technical & Fundamental Analysis
CEFS's RSI Indicator ascending out of oversold territory
The RSI Oscillator for CEFS moved out of oversold territory on August 21, 2023. 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 21 similar instances when the indicator left oversold territory. In of the 21 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CEFS advanced for three days, in of 394 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CEFS as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CEFS turned negative on September 21, 2023. 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
CEFS moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CEFS crossed bearishly below the 50-day moving average on August 21, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 CEFS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CEFS entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Industry description
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category ModerateAllocation
CEFS and
Correlation & Price change
A.I.dvisor indicates that over the last year, CEFS has been closely correlated with YYY. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if CEFS jumps, then YYY could also see price increases.
| Ticker / NAME | Correlation To CEFS | 1D Price Change % | ||
|---|---|---|---|---|
| CEFS | 100% | N/A | ||
| YYY - CEFS | 71% Closely correlated | +0.53% | ||
| BCAT - CEFS | 61% Loosely correlated | N/A | ||
| GLO - CEFS | 60% Loosely correlated | -1.34% | ||
| DALI - CEFS | 58% Loosely correlated | +0.07% | ||
| RIV - CEFS | 39% Loosely correlated | -0.37% | ||
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