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
Momentum Indicator for SKYY turns negative, indicating new downward trend
SKYY saw its Momentum Indicator move below the 0 level on March 28, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned negative. In of the 80 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
SKYY moved below its 50-day moving average on February 21, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SKYY crossed bearishly below the 50-day moving average on February 27, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 21 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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 March 24, 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where SKYY's RSI Indicator exited the oversold zone, of 19 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Moving Average Convergence Divergence (MACD) for SKYY just turned positive on March 20, 2025. Looking at past instances where SKYY's MACD turned positive, the stock continued to rise in of 45 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 377 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 % |
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| William Blair International Ldrs I | |||
| JDWAX | 109.03 | -2.20 | -1.98% |
| Janus Henderson Global Research A | |||
| ADGGX | 20.51 | -0.58 | -2.75% |
| American Century Disciplined Growth R5 | |||
SKYY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SKYY has been closely correlated with CIBR. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if SKYY jumps, then CIBR could also see price increases.
| Ticker / NAME | Correlation To SKYY | 1D Price Change % | ||
|---|---|---|---|---|
| SKYY | 100% | -2.93% | ||
| CIBR - SKYY | 86% Closely correlated | -1.89% | ||
| FTEC - SKYY | 84% Closely correlated | -2.57% | ||
| VGT - SKYY | 83% Closely correlated | -2.51% | ||
| IYW - SKYY | 82% Closely correlated | -2.77% | ||
| CHAT - SKYY | 80% Closely correlated | -3.13% | ||
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