CVY Price Prediction, Invesco Zacks Multi-Asset Income ETF AI Recommendations
CVY sees MACD Histogram just turned negative
CVY saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on June 10, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In 37 of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 82%.
Technical Analysis (Indicators)
Bearish Trend Analysis
CVY moved below its 50-day moving average on June 09, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CVY crossed bearishly below the 50-day moving average on June 13, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 CVY 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 CVY entered a downward trend on June 29, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CVY's RSI Indicator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 55 cases where CVY'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 .
The Momentum Indicator moved above the 0 level on July 01, 2022. You may want to consider a long position or call options on CVY as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 CVY advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .
CVY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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General Information
Category AggressiveAllocation
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CVY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CVY has been closely correlated with SCD. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if CVY jumps, then SCD could also see price increases.
| Ticker / NAME | Correlation To CVY | 1D Price Change % |
|---|---|---|
| CVY | 100% | +1.37% |
| SCD - CVY | 77% Closely correlated | +1.30% |
| TY - CVY | 71% Closely correlated | +1.11% |
| CSQ - CVY | 69% Closely correlated | +2.59% |
| EVT - CVY | 67% Closely correlated | +2.30% |
| NIE - CVY | 62% Loosely correlated | +0.48% |