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FLYU
ETF ticker: NYSE ARCA
AS OF
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Net Assets
5.36M

FLYU MicroSectors™ Travel 3X Leveraged ETNs Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FLYU with price predictions
07:00 PM EST Nov 26, 2023

Momentum Indicator for FLYU turns positive, indicating new upward trend

FLYU saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 23 similar instances where the indicator turned positive. In of the 23 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for FLYU just turned positive on November 01, 2023. Looking at past instances where FLYU's MACD turned positive, the stock continued to rise in of 10 cases over the following month. The odds of a continued upward trend are .

FLYU moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FLYU crossed bullishly above the 50-day moving average on November 16, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 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 FLYU advanced for three days, in of 88 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 66 cases where FLYU 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 10-day RSI Indicator for FLYU moved out of overbought territory on November 27, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 11 similar instances where the indicator moved out of overbought territory. In of the 11 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FLYU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FLYU broke above its upper Bollinger Band on November 14, 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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Walt Disney Company (The) (NYSE:DIS), Uber Technologies (NYSE:UBER), Booking Holdings (NASDAQ:BKNG), Marriott International (NASDAQ:MAR), Delta Air Lines (NYSE:DAL), Expedia Group (NASDAQ:EXPE), Carnival Corp (NYSE:CCL), United Airlines Holdings (NASDAQ:UAL), American Airlines Group (NASDAQ:AAL).

Industry description

The investment seeks to reflect a 3x leveraged long exposure to the performance of the MerQube MicroSectorsTM U.S. Travel Index on a daily basisbefore taking into account the negative effect of the Daily Investor Fee, the Daily Financing Charge and the RedemptionFee Amount, if applicable. The index is a net total return index that tracks the stock prices of U.S. listed securities thatare materially engaged in specified segments of the travel industry.

Market Cap

The average market capitalization across the MicroSectors™ Travel 3X Leveraged ETNs ETF is 62.55B. The market cap for tickers in the group ranges from 7.96B to 175.82B. DIS holds the highest valuation in this group at 175.82B. The lowest valued company is AAL at 7.96B.

High and low price notable news

The average weekly price growth across all stocks in the MicroSectors™ Travel 3X Leveraged ETNs ETF was -2%. For the same ETF, the average monthly price growth was 60%, and the average quarterly price growth was 18%. UBER experienced the highest price growth at 2%, while UAL experienced the biggest fall at -2%.

Volume

The average weekly volume growth across all stocks in the MicroSectors™ Travel 3X Leveraged ETNs ETF was -6%. For the same stocks of the ETF, the average monthly volume growth was -18% and the average quarterly volume growth was -30%

Fundamental Analysis Ratings

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

Valuation Rating: 69
P/E Growth Rating: 74
Price Growth Rating: 35
SMR Rating: 35
Profit Risk Rating: 83
Seasonality Score: 1 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
100 King Street West, 1 First Canadian PlaceToronto, Ontario, M5X 1A1.Toronto
Phone
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Web
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FLYU and

Correlation & Price change

A.I.dvisor tells us that FLYU and SOXL have been poorly correlated (+7% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that FLYU and SOXL's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FLYU
1D Price
Change %
FLYU100%
-0.88%
SOXL - FLYU
7%
Poorly correlated
-0.52%
TQQQ - FLYU
4%
Poorly correlated
-0.29%
QLD - FLYU
4%
Poorly correlated
-0.17%
SSO - FLYU
1%
Poorly correlated
-0.35%
SPXL - FLYU
0%
Poorly correlated
-0.57%