FMNY First Trust New York High Inc Mncpl ETF Forecast, Technical & Fundamental Analysis
FMNY in -0.19% downward trend, declining for three consecutive days on January 08, 2025
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FMNY declined for three days, in of 236 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 06, 2025. You may want to consider a long position or call options on FMNY as a result. In of 44 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 FMNY just turned positive on January 08, 2025. Looking at past instances where FMNY's MACD turned positive, the stock continued to rise in of 27 cases over the following month. The odds of a continued upward trend are .
General Information
Category MuniNewYorkLong
FMNY and ETFs
Correlation & Price change
A.I.dvisor tells us that FMNY and NYF have been poorly correlated (+-7% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that FMNY and NYF's prices will move in lockstep.
| Ticker / NAME | Correlation To FMNY | 1D Price Change % | ||
|---|---|---|---|---|
| FMNY | 100% | +0.18% | ||
| NYF - FMNY | -7% Poorly correlated | +0.19% | ||
| PZT - FMNY | -9% Poorly correlated | -0.70% |