Momentum Indicator for RDVI turns positive, indicating new upward trend
RDVI saw its Momentum Indicator move above the 0 level on January 03, 2025. 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 30 similar instances where the indicator turned positive. In of the 30 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for RDVI just turned positive on January 07, 2025. Looking at past instances where RDVI's MACD turned positive, the stock continued to rise in of 18 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 RDVI advanced for three days, in of 134 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RDVI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for RDVI entered a downward trend on January 02, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
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| Steward Covered Call Income I | |||
| FBCIX | 70.49 | -0.29 | -0.41% |
| American Funds Capital Income Bldr 529F2 | |||
| EPLDX | 22.01 | -0.11 | -0.50% |
| NYLI Epoch U.S. Equity Yield Class R6 | |||
| RRSCX | 26.31 | -0.36 | -1.35% |
| Russell Inv Global Real Estate Secs C | |||
RDVI and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RDVI has been closely correlated with IWD. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if RDVI jumps, then IWD could also see price increases.
| Ticker / NAME | Correlation To RDVI | 1D Price Change % | ||
|---|---|---|---|---|
| RDVI | 100% | +0.16% | ||
| IWD - RDVI | 88% Closely correlated | -0.58% | ||
| SCHD - RDVI | 87% Closely correlated | -1.06% | ||
| VTV - RDVI | 86% Closely correlated | -0.51% | ||
| VYM - RDVI | 86% Closely correlated | -0.70% | ||
| IVE - RDVI | 82% Closely correlated | -0.13% | ||
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