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CVY
ETF ticker:
NYSE ARCA
AS OF
Jul 1 closing price
Price
$20.81
Change
+$0.32 (+1.56%)
Net Assets
101.24M

CVY Price Prediction, Invesco Zacks Multi-Asset Income ETF AI Recommendations

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12:00 AM EDT Jul 01, 2022

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%.

Price Prediction Chart

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)

Fear & Greed
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Notable companies

The most notable companies in this group are Bank of America Corp (NYSE:BAC), Bristol-Myers Squibb Co (NYSE:BMY), Wells Fargo & Co (NYSE:WFC), Morgan Stanley (NYSE:MS), HSBC Holdings PLC (NYSE:HSBC), CVS HEALTH Corp (NYSE:CVS), Goldman Sachs Group (NYSE:GS), BP plc (NYSE:BP), Citigroup (NYSE:C), Petroleo Brasileiro Sa-Petrobras ADS (REP 1 Common Share) (NYSE:PBR).

Industry description

The investment seeks to track the investment results (before fees and expenses) of the Zacks Multi-Asset Income Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index, as well as American depositary receipts ("ADRs") that represent securities in the underlying index. The underlying index is composed of securities that Zacks selects from a universe of domestic and international companies listed on major U.S. exchanges.

Market Cap

The average market capitalization across the Invesco Zacks Multi-Asset Income ETF ETF is 23.52B. The market cap for tickers in the group ranges from 245.82M to 250.81B. BAC holds the highest valuation in this group at 250.81B. The lowest valued company is BGFV at 245.82M.

High and low price notable news

The average weekly price growth across all stocks in the Invesco Zacks Multi-Asset Income ETF ETF was -1%. For the same ETF, the average monthly price growth was -11%, and the average quarterly price growth was -14%. MDC experienced the highest price growth at 8%, while SWBI experienced the biggest fall at -18%.

Volume

The average weekly volume growth across all stocks in the Invesco Zacks Multi-Asset Income ETF ETF was -35%. For the same stocks of the ETF, the average monthly volume growth was -7% and the average quarterly volume growth was 57%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 35
P/E Growth Rating: 54
Price Growth Rating: 60
SMR Rating: 33
Profit Risk Rating: 64
Seasonality Score: 0 (-100 ... +100)
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published General Information

General Information

Category AggressiveAllocation

Profile
Fundamentals
Details
Category
Allocation--70% to 85% Equity
Address
Powershares Exchange Traded Fund Trust227 E Prairie AveWheaton
Phone
N/A
Web
www.invescopowershares.com

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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CVY
1D Price
Change %
CVY100%
+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%