IEF iShares 7-10 Year Treasury Bond ETF Forecast, Technical & Fundamental Analysis
IEF's RSI Indicator recovers from oversold territory
The RSI Indicator for IEF moved out of oversold territory on August 22, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 32 similar instances when the indicator left oversold territory. In of the 32 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IEF advanced for three days, in of 299 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on IEF as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for IEF turned negative on September 19, 2023. 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 42 similar instances when the indicator turned negative. In of the 42 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 IEF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for IEF entered a downward trend on August 31, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category LongGovernment
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| DFSB | 50.20 | -0.29 | -0.57% |
| Dimensional Global Sstby Fxd Inc ETF | |||
| FEEM | 43.79 | -0.70 | -1.57% |
| FlexShares ESG & Clmt Em Mkts Cr | |||
| FEUS | 49.28 | -0.82 | -1.65% |
| FlexShares ESG & Clmt US Lrg Cap Cr Idx | |||
| OIH | 342.90 | -5.92 | -1.70% |
| VanEck Oil Services ETF | |||
| ERX | 65.25 | -1.88 | -2.80% |
| Direxion Daily Energy Bull 2X ETF | |||
IEF and
Correlation & Price change
A.I.dvisor indicates that over the last year, IEF has been closely correlated with XSVN. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if IEF jumps, then XSVN could also see price increases.
| Ticker / NAME | Correlation To IEF | 1D Price Change % | ||
|---|---|---|---|---|
| IEF | 100% | -0.74% | ||
| XSVN - IEF | 100% Closely correlated | -0.65% | ||
| UTEN - IEF | 99% Closely correlated | -0.86% | ||
| XTEN - IEF | 98% Closely correlated | -1.25% | ||
| GOVI - IEF | 96% Closely correlated | -1.31% | ||
| TLH - IEF | 95% Closely correlated | -1.91% | ||
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