RIET Hoya Capital High Dividend Yield ETF Forecast, Technical & Fundamental Analysis
RIET in downward trend: price dove below 50-day moving average on December 02, 2024
RIET moved below its 50-day moving average on December 02, 2024 date and that indicates a change from an upward trend to a downward trend. In of 32 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on RIET as a result. In of 63 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 RIET turned negative on December 06, 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 26 similar instances when the indicator turned negative. In of the 26 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RIET 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 RIET entered a downward trend on November 26, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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 RIET advanced for three days, in of 266 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category RealEstate
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| BLUIX | 15.30 | -0.05 | -0.33% |
| Blueprint Adaptive Growth Allc Instl | |||
| KARRX | 9.43 | -0.04 | -0.42% |
| Kayne Anderson Renewable Infras Retail | |||
| JHURX | 30.26 | -0.13 | -0.43% |
| JPMorgan Emerging Markets Equity R3 | |||
| EKBAX | 14.09 | -0.22 | -1.54% |
| Allspring Diversified Cap Bldr A | |||
| ANVHX | 8.11 | -0.78 | -8.75% |
| American Century Non-US Intrs Val I | |||
RIET and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RIET has been closely correlated with USRT. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if RIET jumps, then USRT could also see price increases.
| Ticker / NAME | Correlation To RIET | 1D Price Change % | ||
|---|---|---|---|---|
| RIET | 100% | -0.61% | ||
| USRT - RIET | 89% Closely correlated | -1.10% | ||
| VNQ - RIET | 89% Closely correlated | -0.48% | ||
| IYR - RIET | 88% Closely correlated | -0.49% | ||
| SCHH - RIET | 88% Closely correlated | -0.32% | ||
| REET - RIET | 88% Closely correlated | -0.11% | ||
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