SPHY SPDR® Portfolio High Yield Bond ETF Forecast, Technical & Fundamental Analysis
SPHY in upward trend: 10-day moving average crossed above 50-day moving average on November 08, 2023
The 10-day moving average for SPHY crossed bullishly above the 50-day moving average on November 08, 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 31, 2023. You may want to consider a long position or call options on SPHY as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
SPHY moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPHY advanced for three days, in of 310 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 SPHY 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPHY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SPHY broke above its upper Bollinger Band on December 01, 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 HighYieldBond
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| BSCS | 19.94 | 0.06 | +0.30% |
| Invesco BulletShares 2028 Corp Bd ETF | |||
| SGLC | 28.81 | -0.02 | -0.08% |
| SGI U.S. Large Cap Core ETF | |||
| EFAD | 36.43 | -0.07 | -0.20% |
| ProShares MSCI EAFE Dividend Growers | |||
| TEI | 5.02 | -0.02 | -0.40% |
| Templeton Emerging Markets Income Fund | |||
| CCSO | 18.13 | -0.14 | -0.78% |
| Carbon Collective Climate Sol US Eq ETF | |||
SPHY and
Correlation & Price change
A.I.dvisor indicates that over the last year, SPHY has been closely correlated with HYG. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPHY jumps, then HYG could also see price increases.
| Ticker / NAME | Correlation To SPHY | 1D Price Change % | ||
|---|---|---|---|---|
| SPHY | 100% | +0.07% | ||
| HYG - SPHY | 98% Closely correlated | +0.13% | ||
| JNK - SPHY | 98% Closely correlated | +0.14% | ||
| USHY - SPHY | 98% Closely correlated | +0.11% | ||
| HYLB - SPHY | 98% Closely correlated | +0.11% | ||
| SHYG - SPHY | 97% Closely correlated | +0.04% | ||
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