SPYI in downward trend: price expected to drop as it breaks its higher Bollinger Band on November 26, 2024
SPYI broke above its upper Bollinger Band on November 26, 2024. 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. The A.I.dvisor looked at 18 similar instances where the stock broke above the upper band. In of the 18 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for SPYI moved out of overbought territory on December 09, 2024. 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 23 similar instances where the indicator moved out of overbought territory. In of the 23 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 23 cases where SPYI's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SPYI turned negative on December 10, 2024. 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 21 similar instances when the indicator turned negative. In of the 21 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 SPYI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPYI advanced for three days, in of 176 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 231 cases where SPYI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| TRACX | 17.85 | N/A | N/A |
| PGIM Quant Solutions Small-Cap Val C | |||
| IRSAX | 15.30 | -0.05 | -0.33% |
| Delaware Real Estate Securities A | |||
| RRRSX | 22.74 | -0.09 | -0.39% |
| DWS RREEF Real Estate Securities R | |||
| RFNCX | 89.83 | -0.75 | -0.83% |
| American Funds Fundamental Invs R3 | |||
| QUAKX | 69.39 | -0.88 | -1.25% |
| AB Small Cap Growth K | |||
SPYI and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SPYI has been closely correlated with JEPQ. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPYI jumps, then JEPQ could also see price increases.
| Ticker / NAME | Correlation To SPYI | 1D Price Change % | ||
|---|---|---|---|---|
| SPYI | 100% | -0.27% | ||
| JEPQ - SPYI | 89% Closely correlated | -0.12% | ||
| QYLD - SPYI | 80% Closely correlated | -0.05% | ||
| JEPI - SPYI | 80% Closely correlated | -0.20% | ||
| XYLD - SPYI | 76% Closely correlated | +0.02% | ||
| DIVO - SPYI | 71% Closely correlated | -0.48% | ||
More | ||||