MGOV First Trust Intermediate Gvt Opps ETF Forecast, Technical & Fundamental Analysis
The investment seeks to maximize long-term total return... Show more
MGOV in +0.77% Uptrend, rising for three consecutive days on May 16, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where MGOV advanced for three days, in of 113 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for MGOV's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
MGOV may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MGOV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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General Information
Category IntermediateGovernment
MGOV and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, MGOV has been closely correlated with MBB. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if MGOV jumps, then MBB could also see price increases.
| Ticker / NAME | Correlation To MGOV | 1D Price Change % | ||
|---|---|---|---|---|
| MGOV | 100% | -0.40% | ||
| MBB - MGOV | 92% Closely correlated | -0.49% | ||
| SCHR - MGOV | 91% Closely correlated | -0.16% | ||
| VGIT - MGOV | 90% Closely correlated | -0.24% | ||
| VMBS - MGOV | 90% Closely correlated | -0.39% | ||
| IEI - MGOV | 88% Closely correlated | -0.19% | ||
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