SHNY MicroSectors™ Gold 3X Leveraged ETN Forecast, Technical & Fundamental Analysis
The investment seeks return on the notes is linked to a three times leveraged participation in the daily performance of the SPDR® Gold Shares (the “ETF”), which is an exchange traded fund that invests in gold bullion... Show more
SHNY's Stochastic Oscillator is sitting in overbought zone for 7 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for SHNY moved out of overbought territory on April 22, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 19 similar instances where the indicator moved out of overbought territory. In of the 19 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SHNY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SHNY broke above its upper Bollinger Band on April 21, 2025. 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 09, 2025. You may want to consider a long position or call options on SHNY as a result. In of 40 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 SHNY just turned positive on April 11, 2025. Looking at past instances where SHNY's MACD turned positive, the stock continued to rise in of 19 cases over the following month. The odds of a continued upward trend are .
SHNY moved above its 50-day moving average on April 08, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where SHNY advanced for three days, in of 141 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 86 cases where SHNY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| FLN | 18.45 | 0.46 | +2.56% |
| First Trust Latin America AlphaDEX® ETF | |||
| SPD | 33.29 | 0.43 | +1.31% |
| Simplify US Equity PLUS Dwnsd Cnvxty ETF | |||
| NPV | 10.92 | 0.05 | +0.46% |
| Nuveen Virginia Quality Municipal Income Fund | |||
| KOKU | 94.24 | N/A | N/A |
| Xtrackers MSCI Kokusai Equity ETF | |||
| EWU | 37.55 | -0.03 | -0.08% |
| iShares MSCI United Kingdom ETF | |||
SHNY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SHNY has been closely correlated with DGP. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if SHNY jumps, then DGP could also see price increases.
| Ticker / NAME | Correlation To SHNY | 1D Price Change % | ||
|---|---|---|---|---|
| SHNY | 100% | -7.26% | ||
| DGP - SHNY | 98% Closely correlated | -4.80% | ||
| GDXU - SHNY | 82% Closely correlated | -8.56% | ||
| UGL - SHNY | 53% Loosely correlated | -4.82% | ||
| AGQ - SHNY | 43% Loosely correlated | +6.97% | ||
| UCO - SHNY | 4% Poorly correlated | -2.88% | ||
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