FLOT iShares Floating Rate Bond ETF Forecast, Technical & Fundamental Analysis
FLOT sees MACD Histogram just turned negative
FLOT saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 17, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 57 instances where the indicator turned negative. In of the 57 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 49 cases where FLOT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FLOT advanced for three days, in of 299 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 696 cases where FLOT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category UltrashortBond
FLOT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FLOT has been closely correlated with BIL. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if FLOT jumps, then BIL could also see price increases.
| Ticker / NAME | Correlation To FLOT | 1D Price Change % | ||
|---|---|---|---|---|
| FLOT | 100% | +0.10% | ||
| BIL - FLOT | 91% Closely correlated | +0.04% | ||
| SHV - FLOT | 89% Closely correlated | +0.03% | ||
| FLRN - FLOT | 80% Closely correlated | +0.07% | ||
| FLTR - FLOT | 71% Closely correlated | +0.04% | ||
| VRIG - FLOT | 55% Loosely correlated | +0.04% | ||
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