IYF in downward trend: price may drop because broke its higher Bollinger Band on November 25, 2024
IYF broke above its upper Bollinger Band on November 25, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 39 similar instances where the stock broke above the upper band. In of the 39 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for IYF moved out of overbought territory on December 02, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on IYF as a result. In of 82 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 IYF turned negative on December 03, 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 44 similar instances when the indicator turned negative. In of the 44 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 IYF 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 shows that the ticker has stayed in the oversold zone for 6 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 IYF advanced for three days, in of 367 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 331 cases where IYF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Financial
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| RTNAX | 11.73 | -0.05 | -0.42% |
| Russell Inv Tax-Managed Intl Eq A | |||
| AADBX | 15.95 | -0.09 | -0.56% |
| American Beacon Balanced R5 | |||
| RWMHX | 65.65 | -0.51 | -0.77% |
| American Funds Washington Mutual R5E | |||
| FVIFX | 35.86 | -0.29 | -0.80% |
| Fidelity Advisor Value I | |||
| IAAEX | 11.87 | -0.13 | -1.08% |
| Transamerica Mid Cap Value Opps I2 | |||
IYF and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, IYF has been closely correlated with VFH. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if IYF jumps, then VFH could also see price increases.
| Ticker / NAME | Correlation To IYF | 1D Price Change % | ||
|---|---|---|---|---|
| IYF | 100% | -1.12% | ||
| VFH - IYF | 98% Closely correlated | -0.94% | ||
| FNCL - IYF | 98% Closely correlated | -0.79% | ||
| XLF - IYF | 98% Closely correlated | -0.71% | ||
| RSPF - IYF | 97% Closely correlated | -1.01% | ||
| IYG - IYF | 97% Closely correlated | -0.85% | ||
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