SDY's RSI Indicator is remaining in oversold zone for 2 days
It is expected that a price bounce should occur soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
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 SDY advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SDY 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 SDY entered a downward trend on January 08, 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 MidCapValue
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| QQJG | 24.73 | 0.42 | +1.71% |
| Invesco ESG NASDAQ Next Gen 100 ETF | |||
| HKND | 32.88 | 0.31 | +0.95% |
| Humankind US Stock ETF | |||
| RLY | 28.26 | 0.16 | +0.57% |
| SPDR® SSgA Multi-Asset Real Return ETF | |||
| DURA | 33.41 | 0.13 | +0.39% |
| VanEck Durable High Dividend ETF | |||
| IBDS | 24.01 | 0.01 | +0.04% |
| iShares iBonds Dec 2027 Term Corp ETF | |||
SDY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SDY has been closely correlated with PY. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if SDY jumps, then PY could also see price increases.
| Ticker / NAME | Correlation To SDY | 1D Price Change % | ||
|---|---|---|---|---|
| SDY | 100% | +0.87% | ||
| PY - SDY | 94% Closely correlated | +0.75% | ||
| AIVL - SDY | 93% Closely correlated | +1.19% | ||
| VOE - SDY | 93% Closely correlated | +1.05% | ||
| TMDV - SDY | 92% Closely correlated | +1.02% | ||
| IMCV - SDY | 92% Closely correlated | +0.97% | ||
More | ||||