OVT Overlay Shares Short Term Bond ETF Forecast, Technical & Fundamental Analysis
OVT in +0.45% Uptrend, advancing for three consecutive days on January 06, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where OVT advanced for three days, in of 268 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on OVT as a result. In of 69 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where OVT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
General Information
Category ShortTermBond
OVT and ETFs
Correlation & Price change
A.I.dvisor tells us that OVT and ISTB have been poorly correlated (+13% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that OVT and ISTB's prices will move in lockstep.
| Ticker / NAME | Correlation To OVT | 1D Price Change % | ||
|---|---|---|---|---|
| OVT | 100% | -0.28% | ||
| ISTB - OVT | 13% Poorly correlated | -0.06% | ||
| SPSB - OVT | 12% Poorly correlated | +0.03% | ||
| IGSB - OVT | 11% Poorly correlated | -0.02% | ||
| BSV - OVT | 11% Poorly correlated | -0.08% | ||
| VCSH - OVT | 10% Poorly correlated | -0.05% | ||
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