HYMU iShares High Yield Muni Income Act ETF Forecast, Technical & Fundamental Analysis

Momentum Indicator for HYMU turns negative, indicating new downward trend

HYMU saw its Momentum Indicator move below the 0 level on December 13, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator turned negative. In of the 47 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for HYMU turned negative on December 12, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 29 similar instances when the indicator turned negative. In of the 29 cases the stock turned lower in the days that followed. This puts the odds of success at .

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

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

HYMU moved above its 50-day moving average on November 15, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for HYMU crossed bullishly above the 50-day moving average on November 22, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 9 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 HYMU advanced for three days, in of 208 cases, the price rose further within the following month. The odds of a continued upward trend are .

HYMU 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 230 cases where HYMU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .