ONEY SPDR® Russell 1000® Yield Focus ETF Forecast, Technical & Fundamental Analysis
ONEY in downward trend: price expected to drop as it breaks its higher Bollinger Band on November 22, 2024
ONEY broke above its upper Bollinger Band on November 22, 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 Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ONEY as a result. In of 85 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 ONEY turned negative on December 05, 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
ONEY moved below its 50-day moving average on December 13, 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 ONEY 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 RSI Indicator demonstrates 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.
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 ONEY advanced for three days, in of 342 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 294 cases where ONEY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category MidCapValue
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GTTUX | 58.83 | N/A | N/A |
| Goldman Sachs Small Cp Val Insghts R6 | |||
| ISBAX | 14.81 | -0.04 | -0.27% |
| VY® Columbia Contrarian Core A | |||
| TORCX | 18.29 | -0.10 | -0.54% |
| Tortoise Energy Infrastructure TR C | |||
| FIEZX | 11.71 | -0.08 | -0.68% |
| Fidelity Advisor Total Intl Equity Z | |||
| CNGFX | 62.97 | -6.31 | -9.11% |
| American Funds New Economy 529F | |||
ONEY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, ONEY has been closely correlated with VOE. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if ONEY jumps, then VOE could also see price increases.
| Ticker / NAME | Correlation To ONEY | 1D Price Change % | ||
|---|---|---|---|---|
| ONEY | 100% | -0.65% | ||
| VOE - ONEY | 91% Closely correlated | -0.80% | ||
| IJJ - ONEY | 91% Closely correlated | -1.29% | ||
| COWZ - ONEY | 90% Closely correlated | -0.58% | ||
| IWS - ONEY | 90% Closely correlated | -1.33% | ||
| SDY - ONEY | 85% Closely correlated | -0.63% |