OCTD Innovator Premium Income 10 Barrier ETF - October Forecast, Technical & Fundamental Analysis
OCTD's Stochastic Oscillator is staying in oversold zone for 8 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 uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OCTD advanced for three days, in of 170 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 259 cases where OCTD 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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General Information
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OCTD and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, OCTD has been closely correlated with PSEP. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if OCTD jumps, then PSEP could also see price increases.
| Ticker / NAME | Correlation To OCTD | 1D Price Change % | ||
|---|---|---|---|---|
| OCTD | 100% | N/A | ||
| PSEP - OCTD | 75% Closely correlated | +0.37% | ||
| ACIO - OCTD | 66% Loosely correlated | +0.48% | ||
| FNOV - OCTD | 66% Loosely correlated | +0.45% | ||
| HELO - OCTD | 64% Loosely correlated | +0.29% | ||
| FDEC - OCTD | 55% Loosely correlated | +0.36% | ||
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