HYGW iShares High Yld Crp Bd Buywrt Stgy ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for HYGW turns positive, indicating new upward trend
HYGW saw its Momentum Indicator move above the 0 level on January 03, 2025. 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 39 similar instances where the indicator turned positive. In of the 39 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for HYGW just turned positive on January 07, 2025. Looking at past instances where HYGW's MACD turned positive, the stock continued to rise in of 24 cases over the following month. The odds of a continued upward trend are .
HYGW moved above its 50-day moving average on January 03, 2025 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for HYGW crossed bullishly above the 50-day moving average on January 08, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 6 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 HYGW advanced for three days, in of 181 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 232 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 has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
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 .
General Information
Category HighYieldBond
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| CGJAX | 69.48 | 0.76 | +1.11% |
| Calvert US Large Cap Growth Rspnb Idx A | |||
| PMIAX | 10.72 | N/A | N/A |
| Putnam Multi-Asset Income A | |||
| AICGX | 38.07 | -0.07 | -0.18% |
| American Century Discplnd Cor Val R5 | |||
| CFMVX | 24.58 | -0.21 | -0.85% |
| Commerce MidCap Value | |||
| UBVFX | 87.01 | -0.92 | -1.05% |
| Undiscovered Managers Behavioral Val R6 | |||
HYGW and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, HYGW has been loosely correlated with SJNK. These tickers have moved in lockstep 56% of the time. This A.I.-generated data suggests there is some statistical probability that if HYGW jumps, then SJNK could also see price increases.
| Ticker / NAME | Correlation To HYGW | 1D Price Change % | ||
|---|---|---|---|---|
| HYGW | 100% | +0.09% | ||
| SJNK - HYGW | 56% Loosely correlated | -0.20% | ||
| HYG - HYGW | 51% Loosely correlated | -0.14% | ||
| USHY - HYGW | 50% Loosely correlated | -0.13% | ||
| JNK - HYGW | 50% Loosely correlated | -0.17% | ||
| SHYG - HYGW | 49% Loosely correlated | -0.14% | ||
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