SPFF Global X SuperIncome™ Preferred ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for SPFF turns positive, indicating new upward trend
SPFF saw its Momentum Indicator move above the 0 level on November 01, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 91 similar instances where the indicator turned positive. In of the 91 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for SPFF just turned positive on October 31, 2023. Looking at past instances where SPFF'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 .
SPFF moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SPFF crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 SPFF advanced for three days, in of 321 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 344 cases where SPFF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for SPFF moved out of overbought territory on November 06, 2023. 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 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPFF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SPFF broke above its upper Bollinger Band on November 02, 2023. 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.
Fundamental Analysis (Ratings)
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category WorldStock
SPFF and
Correlation & Price change
A.I.dvisor indicates that over the last year, SPFF has been closely correlated with PFFD. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPFF jumps, then PFFD could also see price increases.
| Ticker / NAME | Correlation To SPFF | 1D Price Change % | ||
|---|---|---|---|---|
| SPFF | 100% | +0.35% | ||
| PFFD - SPFF | 91% Closely correlated | +0.27% | ||
| PFF - SPFF | 91% Closely correlated | +0.33% | ||
| PGX - SPFF | 90% Closely correlated | +0.36% | ||
| FPE - SPFF | 78% Closely correlated | +0.12% | ||
| VRP - SPFF | 71% Closely correlated | +0.40% | ||
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