FLOT iShares Floating Rate Bond ETF Forecast, Technical & Fundamental Analysis
FLOT in +0.10% Uptrend, rising for three consecutive days on December 01, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where FLOT advanced for three days, in of 271 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for FLOT just turned positive on November 29, 2023. Looking at past instances where FLOT's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 726 cases where FLOT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
FLOT broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category UltrashortBond
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FLOT and
Correlation & Price change
A.I.dvisor indicates that over the last year, FLOT has been closely correlated with FLRN. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if FLOT jumps, then FLRN could also see price increases.
| Ticker / NAME | Correlation To FLOT | 1D Price Change % | ||
|---|---|---|---|---|
| FLOT | 100% | +0.06% | ||
| FLRN - FLOT | 80% Closely correlated | +0.10% | ||
| FLTR - FLOT | 71% Closely correlated | +0.12% | ||
| VRIG - FLOT | 55% Loosely correlated | +0.17% | ||
| LQDH - FLOT | 28% Poorly correlated | +0.29% | ||
| ICSH - FLOT | 25% Poorly correlated | +0.10% | ||
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