SHY iShares 1-3 Year Treasury Bond ETF Forecast, Technical & Fundamental Analysis
Aroon Indicator for SHY shows an upward move is likely
SHY's Aroon Indicator triggered a bullish signal on January 03, 2025. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 336 similar instances where the Aroon Indicator showed a similar pattern. In of the 336 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 30, 2024. You may want to consider a long position or call options on SHY as a result. In of 90 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 SHY just turned positive on December 31, 2024. Looking at past instances where SHY's MACD turned positive, the stock continued to rise in of 48 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 SHY advanced for three days, in of 249 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
SHY broke above its upper Bollinger Band on December 31, 2024. 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.
General Information
Category ShortGovernment
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| NOCT | 51.98 | 0.35 | +0.69% |
| Innovator Growth-100 Pwr Buff ETF™ Oct | |||
| TAXF | 50.11 | 0.09 | +0.19% |
| American Century Divers Muncpl Bd ETF | |||
| PZA | 23.47 | 0.03 | +0.13% |
| Invesco National AMT-Free Muni Bd ETF | |||
| SDCI | 20.40 | 0.01 | +0.05% |
| USCF SummerHaven Dyn CmdtyStgy NoK-1 ETF | |||
| WRND | 30.00 | N/A | N/A |
| NYLI Global Equity R&D Leaders ETF | |||
SHY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SHY has been closely correlated with SCHO. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if SHY jumps, then SCHO could also see price increases.
| Ticker / NAME | Correlation To SHY | 1D Price Change % | ||
|---|---|---|---|---|
| SHY | 100% | -0.02% | ||
| SCHO - SHY | 99% Closely correlated | -0.08% | ||
| VGSH - SHY | 98% Closely correlated | -0.02% | ||
| UTWO - SHY | 97% Closely correlated | N/A | ||
| UTRE - SHY | 96% Closely correlated | N/A | ||
| XTRE - SHY | 94% Closely correlated | -0.02% | ||
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