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SKYY
ETF ticker: NASDAQ
AS OF
Jun 3 closing price
Price
$117.05
Change
+$1.44 (+1.25%)
Net Assets
3.4B

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

Category: #Technology
SKYY
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for SKYY with price predictions
Jun 02, 2025

SKYY in -1.11% downward trend, falling for three consecutive days on May 29, 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 267 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for SKYY moved out of overbought territory on May 21, 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 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 61 cases where SKYY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on May 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 Moving Average Convergence Divergence Histogram (MACD) for SKYY turned negative on May 28, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

SKYY broke above its upper Bollinger Band on May 12, 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

SKYY moved above its 50-day moving average on May 02, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SKYY crossed bullishly above the 50-day moving average on May 07, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 21 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 SKYY advanced for three days, in of 370 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 261 cases where SKYY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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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
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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 90% 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SKYY
1D Price
Change %
SKYY100%
+1.25%
FTEC - SKYY
90%
Closely correlated
+1.54%
CIBR - SKYY
86%
Closely correlated
+1.03%
VGT - SKYY
83%
Closely correlated
+1.59%
IYW - SKYY
82%
Closely correlated
+1.26%
CHAT - SKYY
80%
Closely correlated
+2.36%
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