IWMY Defiance R2000 Enh Opt & 0DTE Inc ETF Forecast, Technical & Fundamental Analysis
IWMY's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Indicator for IWMY moved out of overbought territory on November 12, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 4 instances where the indicator moved out of the overbought zone. In of the 4 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on IWMY as a result. In of 17 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 IWMY 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 10 similar instances when the indicator turned negative. In of the 10 cases the stock turned lower in the days that followed. This puts the odds of success at .
IWMY moved below its 50-day moving average on December 17, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IWMY 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 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IWMY advanced for three days, in of 85 cases, the price rose further within the following month. The odds of a continued upward trend are .
IWMY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| UCC | 59.20 | 0.54 | +0.93% |
| ProShares Ultra Consumer Discretionary | |||
| IFGL | 19.44 | N/A | +0.01% |
| iShares International Dev Real Est ETF | |||
| SHV | 110.33 | N/A | N/A |
| iShares Short Treasury Bond ETF | |||
| SUSL | 106.21 | -0.29 | -0.27% |
| iShares ESG MSCI USA Leaders ETF | |||
| XMVM | 57.63 | -0.90 | -1.54% |
| Invesco S&P MidCap Value with Momt ETF | |||
IWMY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, IWMY has been closely correlated with QQQY. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if IWMY jumps, then QQQY could also see price increases.
| Ticker / NAME | Correlation To IWMY | 1D Price Change % | ||
|---|---|---|---|---|
| IWMY | 100% | -0.78% | ||
| QQQY - IWMY | 74% Closely correlated | -0.24% | ||
| SVXY - IWMY | 48% Loosely correlated | -1.17% | ||
| YCL - IWMY | -3% Poorly correlated | +1.07% | ||
| UUP - IWMY | -16% Poorly correlated | +0.10% | ||
| EUO - IWMY | -18% Poorly correlated | +0.35% | ||
More | ||||