XHYI BondBloxx US High Yield Indstrl Sctr ETF Forecast, Technical & Fundamental Analysis
XHYI's RSI Indicator remains in overbought zone for 5 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
XHYI broke above its upper Bollinger Band on November 01, 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 31, 2023. You may want to consider a long position or call options on XHYI as a result. In of 36 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for XHYI just turned positive on October 27, 2023. Looking at past instances where XHYI's MACD turned positive, the stock continued to rise in of 12 cases over the following month. The odds of a continued upward trend are .
XHYI moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for XHYI crossed bullishly above the 50-day moving average on November 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 5 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 XHYI advanced for three days, in of 85 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 84 cases where XHYI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
Industry description
General Information
Category HighYieldBond
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| FTXNX | 33.01 | 0.02 | +0.06% |
| Fuller & Thaler Behavioral Sm-Cp Gr Inv | |||
| OPTIX | 73.29 | -0.02 | -0.03% |
| Invesco Capital Appreciation R6 | |||
| AMAFX | 9.02 | -0.01 | -0.11% |
| American Century Small Cap Dividend I | |||
| CLGPX | 13.31 | -0.02 | -0.15% |
| Columbia Large Cap Growth Opp R | |||
| CSCJX | 12.72 | -0.06 | -0.47% |
| CornerCap Small-Cap Value Institutional | |||
XHYI and
Correlation & Price change
A.I.dvisor indicates that over the last year, XHYI has been closely correlated with HYLB. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if XHYI jumps, then HYLB could also see price increases.
| Ticker / NAME | Correlation To XHYI | 1D Price Change % | ||
|---|---|---|---|---|
| XHYI | 100% | +0.21% | ||
| HYLB - XHYI | 97% Closely correlated | +0.23% | ||
| JNK - XHYI | 97% Closely correlated | +0.15% | ||
| USHY - XHYI | 97% Closely correlated | +0.20% | ||
| HYG - XHYI | 96% Closely correlated | +0.15% | ||
| SHYG - XHYI | 96% Closely correlated | +0.10% | ||
More | ||||