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
Momentum Indicator for SKYY turns positive, indicating new upward trend
SKYY saw its Momentum Indicator move above the 0 level on June 03, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned positive. In of the 78 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In of 259 cases where SKYY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for SKYY moved out of overbought territory on June 10, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where SKYY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SKYY turned negative on May 28, 2025. 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SKYY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SKYY broke above its upper Bollinger Band on June 06, 2025. 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.
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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 90% 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% | -1.66% | ||
| FTEC - SKYY | 90% Closely correlated | -1.60% | ||
| VGT - SKYY | 86% Closely correlated | -1.66% | ||
| IYW - SKYY | 85% Closely correlated | -1.48% | ||
| XLK - SKYY | 82% Closely correlated | -1.40% | ||
| CHAT - SKYY | 80% Closely correlated | -1.71% | ||
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