SKYY First Trust Cloud Computing ETF Forecast, Technical & Fundamental Analysis
The investment seeks investment results that correspond generally to the price and yield of an equity index called the ISE CTA Cloud Computing Index TM... Show more
SKYY in -5.89% downward trend, sliding for three consecutive days on January 30, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SKYY declined for three days, in of 275 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 02, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on SKYY as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SKYY turned negative on January 29, 2026. 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for SKYY entered a downward trend on February 02, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SKYY's RSI Oscillator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SKYY advanced for three days, in of 363 cases, the price rose further within the following month. The odds of a continued upward trend are .
SKYY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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General Information
Category Technology
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SKYY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SKYY has been closely correlated with FTEC. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if SKYY jumps, then FTEC could also see price increases.
| Ticker / NAME | Correlation To SKYY | 1D Price Change % | ||
|---|---|---|---|---|
| SKYY | 100% | +0.14% | ||
| FTEC - SKYY | 91% Closely correlated | +0.81% | ||
| VGT - SKYY | 90% Closely correlated | +0.69% | ||
| XLK - SKYY | 89% Closely correlated | +0.96% | ||
| CIBR - SKYY | 86% Closely correlated | +0.77% | ||
| CHAT - SKYY | 80% Closely correlated | +1.02% | ||
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