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FLHY
ETF ticker: BATS
AS OF
Jan 10, 04:59 PM (EDT)
Price
$23.80
Change
-$0.14 (-0.58%)
Net Assets
601.65M

FLHY Franklin High Yield Corporate ETF Forecast, Technical & Fundamental Analysis

Category HighYieldBond
FLHY
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for FLHY with price predictions
Jan 08, 2025

FLHY's RSI Indicator ascends from oversold territory

The RSI Oscillator for FLHY moved out of oversold territory on December 20, 2024. 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 24 similar instances when the indicator left oversold territory. In of the 24 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on FLHY as a result. In of 90 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 FLHY just turned positive on January 03, 2025. Looking at past instances where FLHY's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

FLHY moved above its 50-day moving average on December 31, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FLHY crossed bullishly above the 50-day moving average on January 08, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 FLHY advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .

FLHY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where FLHY'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 FLHY 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 FLHY entered a downward trend on December 31, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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FLHY
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category HighYieldBond

Profile
Fundamentals
Details
Category
High Yield Bond
Address
Franklin Templeton ETF TrustONE FRANKLIN PARKWAYSAN MATEO
Phone
N/A
Web
etf.franklintempleton.com
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FLHY and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, FLHY has been closely correlated with JNK. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if FLHY jumps, then JNK could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FLHY
1D Price
Change %
FLHY100%
+0.17%
JNK - FLHY
91%
Closely correlated
+0.10%
SHYG - FLHY
90%
Closely correlated
+0.12%
USHY - FLHY
90%
Closely correlated
+0.08%
HYG - FLHY
90%
Closely correlated
+0.13%
SJNK - FLHY
90%
Closely correlated
+0.12%
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