SFY in upward trend: price may ascend as a result of having broken its lower Bollinger Band on October 26, 2023
SFY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 36 cases where SFY's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on SFY as a result. In of 65 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SFY just turned positive on November 02, 2023. Looking at past instances where SFY's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
SFY moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SFY crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 SFY advanced for three days, in of 316 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 363 cases where SFY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 19 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Fundamental Analysis (Ratings)
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Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeGrowth
SFY and
Correlation & Price change
A.I.dvisor indicates that over the last year, SFY has been closely correlated with SPYG. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if SFY jumps, then SPYG could also see price increases.
| Ticker / NAME | Correlation To SFY | 1D Price Change % | ||
|---|---|---|---|---|
| SFY | 100% | +0.74% | ||
| SPYG - SFY | 98% Closely correlated | +0.37% | ||
| IVW - SFY | 95% Closely correlated | +0.36% | ||
| IWF - SFY | 94% Closely correlated | +0.38% | ||
| VUG - SFY | 93% Closely correlated | +0.35% | ||
| SCHG - SFY | 93% Closely correlated | +0.29% | ||
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