RAVI FlexShares Ultra-Short Income ETF Forecast, Technical & Fundamental Analysis

RAVI in downward trend: price may decline as a result of having broken its higher Bollinger Band on December 30, 2024

RAVI broke above its upper Bollinger Band on December 30, 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 43 similar instances where the stock broke above the upper band. In of the 43 cases the stock fell afterwards. This puts the odds of success at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for RAVI just turned positive on December 30, 2024. Looking at past instances where RAVI's MACD turned positive, the stock continued to rise in of 56 cases 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 RAVI advanced for three days, in of 471 cases, the price rose further within the following month. The odds of a continued upward trend are .