SPYI in upward trend: price rose above 50-day moving average on November 10, 2023
SPYI 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. In of 8 similar past instances, the stock price increased further within 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 November 02, 2023. You may want to consider a long position or call options on SPYI as a result. In of 18 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The 10-day moving average for SPYI crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 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 SPYI advanced for three days, in of 77 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 99 cases where SPYI 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 Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 13 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 06, 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 10 similar instances when the indicator turned negative. In of the 10 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 .
SPYI broke above its upper Bollinger Band on December 08, 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)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeBlend
SPYI and
Correlation & Price change
A.I.dvisor indicates that over the last year, SPYI has been closely correlated with IVV. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPYI jumps, then IVV could also see price increases.
| Ticker / NAME | Correlation To SPYI | 1D Price Change % | ||
|---|---|---|---|---|
| SPYI | 100% | +0.31% | ||
| IVV - SPYI | 85% Closely correlated | +0.43% | ||
| SPY - SPYI | 85% Closely correlated | +0.43% | ||
| VOO - SPYI | 85% Closely correlated | +0.43% | ||
| VTI - SPYI | 84% Closely correlated | +0.48% | ||
| VIG - SPYI | 80% Closely correlated | +0.22% |