HYGW iShares High Yld Crp Bd Buywrt Stgy ETF Forecast, Technical & Fundamental Analysis
The investment seeks to track the investment results of the Cboe HYG BuyWrite Index that reflects a strategy of holding the iShares iBoxx $High Yield Corporate Bond ETF while writing (selling) one-month call options to generate income... Show more
HYGW in upward trend: 10-day moving average crossed above 50-day moving average on May 05, 2025
The 10-day moving average for HYGW crossed bullishly above the 50-day moving average on May 05, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 8 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 27, 2025. You may want to consider a long position or call options on HYGW as a result. In of 45 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 HYGW just turned positive on May 29, 2025. Looking at past instances where HYGW's MACD turned positive, the stock continued to rise in of 30 cases 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 HYGW advanced for three days, in of 207 cases, the price rose further within the following month. The odds of a continued upward trend are .
HYGW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 274 cases where HYGW 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 demonstrated that the ticker has stayed in the overbought zone for 7 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 HYGW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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General Information
Category Trading
HYGW and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, HYGW has been closely correlated with JEPI. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if HYGW jumps, then JEPI could also see price increases.
| Ticker / NAME | Correlation To HYGW | 1D Price Change % | ||
|---|---|---|---|---|
| HYGW | 100% | -0.03% | ||
| JEPI - HYGW | 78% Closely correlated | +0.02% | ||
| QYLD - HYGW | 73% Closely correlated | -0.30% | ||
| DIVO - HYGW | 73% Closely correlated | -0.17% | ||
| JEPQ - HYGW | 72% Closely correlated | -0.36% | ||
| KNG - HYGW | 69% Closely correlated | -0.41% | ||
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