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TYG
ETF ticker:
NYSE
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Net Assets
403.85M

TYG Tortoise Energy Infrastructure Corp Forecast, Technical & Fundamental Analysis

a closed-end investment fund/investment trust

Category Unknown
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A.I.Advisor
a Summary for TYG with price predictions
08:00 PM EDT Jun 07, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

Tortoise Energy Infrastructure Corp seeks to provide a high level of current income to stockholders. It invests in fixed income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles.

Volume

The average weekly volume growth across all stocks in the Tortoise Energy Infrastructure Corp ETF was 20%. For the same stocks of the ETF, the average monthly volume growth was 3% and the average quarterly volume growth was 10%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 24
P/E Growth Rating: 24
Price Growth Rating: 39
SMR Rating: 42
Profit Risk Rating: 69
Seasonality Score: -24 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

a closed-end investment fund/investment trust

Category Unknown

Profile
Fundamentals
Details
Category
Energy Limited Partnership
Address
11550 Ash Street, Suite 300Leawood, Kansas 66211Leawood,
Phone
N/A
Web
www.tortoiseadvisors.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TYG
1D Price
Change %
TYG100%
+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%