SKYY First Trust Cloud Computing ETF Forecast, Technical & Fundamental Analysis
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... Show more
SKYY in -2.05% downward trend, sliding for three consecutive days on April 17, 2025
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SKYY declined for three days, in of 263 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on March 28, 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 .
The Aroon Indicator for SKYY entered a downward trend on April 10, 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.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SKYY's RSI Indicator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where SKYY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SKYY just turned positive on April 14, 2025. Looking at past instances where SKYY's MACD turned positive, the stock continued to rise in of 44 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 SKYY advanced for three days, in of 375 cases, the price rose further within the following month. The odds of a continued upward trend are .
SKYY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category Technology
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| JSVZX | 20.76 | 0.23 | +1.12% |
| JPMorgan Small Cap Value R2 | |||
| HERCX | 9.66 | 0.09 | +0.94% |
| Hartford Emerging Markets Equity C | |||
| FSTSX | 17.03 | 0.11 | +0.65% |
| Fidelity Series International Sm Cap | |||
| JIAFX | 8.90 | 0.03 | +0.34% |
| JHancock Multi-Asset High Income A | |||
| BALFX | 32.93 | -0.09 | -0.27% |
| American Funds American Balanced F1 | |||
SKYY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SKYY has been closely correlated with FTEC. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if SKYY jumps, then FTEC could also see price increases.
| Ticker / NAME | Correlation To SKYY | 1D Price Change % | ||
|---|---|---|---|---|
| SKYY | 100% | -0.34% | ||
| FTEC - SKYY | 89% Closely correlated | -0.56% | ||
| CIBR - SKYY | 86% Closely correlated | -0.74% | ||
| VGT - SKYY | 83% Closely correlated | -0.44% | ||
| IYW - SKYY | 82% Closely correlated | -0.61% | ||
| CHAT - SKYY | 80% Closely correlated | -0.73% | ||
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