SPXX Nuveen S&P 500 Dynamic Overwrite Fund Forecast, Technical & Fundamental Analysis
SPXX's RSI Oscillator ascends from oversold territory
The RSI Indicator for SPXX moved out of oversold territory on September 19, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 31 similar instances when the indicator left oversold territory. In of the 31 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 48 cases where SPXX'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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPXX advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SPXX as a result. In of 72 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 SPXX turned negative on September 12, 2023. 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPXX 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 SPXX entered a downward trend on September 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Industry description
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MDOEX | 8.34 | 0.08 | +0.97% |
| Morgan Stanley Developing Opportunity I | |||
| PXSCX | 14.44 | -0.03 | -0.21% |
| Impax Small Cap Investor | |||
| JDVNX | 22.02 | -0.05 | -0.23% |
| JHancock Disciplined Value NAV | |||
| HVORX | 22.91 | -0.08 | -0.35% |
| Hartford Quality Value R3 | |||
| AMGIX | 30.40 | -0.12 | -0.39% |
| American Century Discplnd Cor Val I | |||
SPXX and
Correlation & Price change
A.I.dvisor indicates that over the last year, SPXX has been closely correlated with ETY. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPXX jumps, then ETY could also see price increases.
| Ticker / NAME | Correlation To SPXX | 1D Price Change % | ||
|---|---|---|---|---|
| SPXX | 100% | +0.62% | ||
| ETY - SPXX | 79% Closely correlated | +0.09% | ||
| JEPQ - SPXX | 77% Closely correlated | +0.06% | ||
| XYLD - SPXX | 76% Closely correlated | -0.15% | ||
| BDJ - SPXX | 76% Closely correlated | +0.27% | ||
| JEPI - SPXX | 74% Closely correlated | -0.09% | ||
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