IYK iShares US Consumer Staples ETF Forecast, Technical & Fundamental Analysis
IYK's RSI Indicator is staying in oversold zone for 2 days
It is expected that a price bounce should occur soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IYK advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .
IYK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IYK 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 IYK entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category ConsumerStaples
IYK and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, IYK has been closely correlated with XLP. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if IYK jumps, then XLP could also see price increases.
| Ticker / NAME | Correlation To IYK | 1D Price Change % | ||
|---|---|---|---|---|
| IYK | 100% | -0.31% | ||
| XLP - IYK | 90% Closely correlated | -0.49% | ||
| FSTA - IYK | 89% Closely correlated | -0.39% | ||
| VDC - IYK | 88% Closely correlated | -0.45% | ||
| RSPS - IYK | 88% Closely correlated | -0.82% | ||
| FTXG - IYK | 85% Closely correlated | -1.24% | ||
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