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MDYG
ETF ticker:
NYSE ARCA
AS OF
Aug 5 closing price
Price
$68.91
Change
+$0.53 (+0.78%)
Net Assets
1.82B

MDYG SPDR® S&P 400 Mid Cap Growth ETF Forecast, Technical & Fundamental Analysis

Category MidCapGrowth
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Aug 05, 2022

Momentum Indicator for MDYG turns positive, indicating new upward trend

MDYG saw its Momentum Indicator move above the 0 level on July 15, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 81 similar instances where the indicator turned positive. In 73 of the 81 cases, the stock moved higher in the following days. The odds of a move higher are at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

MDYG moved above its 50-day moving average on July 19, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MDYG crossed bullishly above the 50-day moving average on July 27, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 MDYG advanced for three days, in of 358 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 373 cases where MDYG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for MDYG moved out of overbought territory on August 04, 2022. 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 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

MDYG broke above its upper Bollinger Band on July 19, 2022. 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.

Fundamental Analysis (Ratings)

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MDYG
Buy/Sell Ratings
 
 
Technical Analysis# Of IndicatorsAvg. Odds
   
   
 
AI
A.I. Advisor
published General Information

General Information

Category MidCapGrowth

Profile
Fundamentals
Details
Category
Mid-Cap Growth
Address
SPDR Series TrustOne Lincoln Street Cph0326Boston
Phone
N/A
Web
www.spdrs.com

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MDYG and

Correlation & Price change

A.I.dvisor indicates that over the last year, MDYG has been closely correlated with IJK. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if MDYG jumps, then IJK could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MDYG
1D Price
Change %
MDYG100%
+0.80%
IJK - MDYG
100%
Closely correlated
+0.73%
VXF - MDYG
97%
Closely correlated
+0.69%
IWP - MDYG
95%
Closely correlated
+0.70%
VOT - MDYG
95%
Closely correlated
+0.71%
ARKK - MDYG
78%
Closely correlated
-0.20%