TYG Tortoise Energy Infrastructure Corp Forecast, Technical & Fundamental Analysis
a closed-end investment fund/investment trust
TYG's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for TYG turned positive on June 02, 2023. Looking at past instances where TYG'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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on TYG as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
TYG moved above its 50-day moving average on June 07, 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 TYG advanced for three days, in of 301 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator has been in the overbought zone for 2 days. 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 TYG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TYG broke above its upper Bollinger Band on June 07, 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.
The Aroon Indicator for TYG entered a downward trend on June 06, 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
a closed-end investment fund/investment trust
Category Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| UGLSX | 62.24 | 0.53 | +0.86% |
| JHancock US Global Leaders Growth R6 | |||
| INIYX | 9.99 | 0.07 | +0.71% |
| VanEck International Investors Gold Y | |||
| ISCSX | 17.68 | 0.12 | +0.68% |
| VY® Columbia Contrarian Core S | |||
| VHCIX | 120.46 | 0.66 | +0.55% |
| Vanguard Health Care Index Admiral | |||
| PSLCX | 9.21 | -0.03 | -0.32% |
| Putnam Small Cap Value C | |||
TYG and
Correlation & Price change
A.I.dvisor indicates that over the last year, TYG has been closely correlated with EMLP. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if TYG jumps, then EMLP could also see price increases.
| Ticker / NAME | Correlation To TYG | 1D Price Change % | ||
|---|---|---|---|---|
| TYG | 100% | +1.95% | ||
| EMLP - TYG | 93% Closely correlated | +0.07% | ||
| MLPX - TYG | 91% Closely correlated | +0.12% | ||
| KYN - TYG | 88% Closely correlated | +0.48% | ||
| MLPA - TYG | 86% Closely correlated | +0.26% | ||
| AMLP - TYG | 85% Closely correlated | -0.13% |