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SKYY
ETF ticker: NASDAQ
AS OF
Jan 17, 04:59 PM (EDT)
Price
$122.17
Change
+$0.57 (+0.47%)
Net Assets
3.66B

SKYY stock forecast, quote, news & analysis

Category: @Technology
SKYY
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
published price charts
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A.I.Advisor
a Summary for SKYY with price predictions
Jan 08, 2025

SKYY sees its Stochastic Oscillator ascends from oversold territory

On January 06, 2025, the Stochastic Oscillator for SKYY moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 52 instances where the indicator left the oversold zone. In of the 52 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SKYY advanced for three days, in of 372 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on SKYY as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SKYY 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 SKYY 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.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), International Business Machines Corp (NYSE:IBM), Cisco Systems (NASDAQ:CSCO), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW).

Industry description

The investment seeks investment results that correspond generally to the price and yield of an equity index called the ISE CTA Cloud Computing Index TM. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index is designed to track the performance of companies involved in the cloud computing industry.

Market Cap

The average market capitalization across the First Trust Cloud Computing ETF ETF is 163.88B. The market cap for tickers in the group ranges from 552.13M to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is EB at 552.13M.

High and low price notable news

The average weekly price growth across all stocks in the First Trust Cloud Computing ETF ETF was 3%. For the same ETF, the average monthly price growth was 1%, and the average quarterly price growth was 31%. WIX experienced the highest price growth at 10%, while DELL experienced the biggest fall at -4%.

Volume

The average weekly volume growth across all stocks in the First Trust Cloud Computing ETF ETF was -2%. For the same stocks of the ETF, the average monthly volume growth was -18% and the average quarterly volume growth was 3%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 63
P/E Growth Rating: 82
Price Growth Rating: 47
SMR Rating: 65
Profit Risk Rating: 59
Seasonality Score: 26 (-100 ... +100)
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SKYY
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category Technology

Profile
Fundamentals
Details
Category
Technology
Address
First Trust Exchange-Traded Fund II12o East Liberty Drive, Suite 400Wheaton
Phone
630-241-4141
Web
www.ftportfolios.com