While the markets are getting very tired of watching the never ending twits, articles, opinions, news, negotiations, remarks and speeches of all the pundits who know everything about the effects of the trade tariffs, the earning season is about to begin. Staring next week, we will see hundreds of earning reports - and this will determine the future direction of the markets. We are not very optimistic about possible significant upside in the major indicies for the remaining part of this calendar year.
The 10-day moving average for DIA crossed bearishly below the 50-day moving average on May 25, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DIA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
DIA broke above its upper Bollinger Band on June 02, 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 DIA entered a downward trend on June 05, 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.
The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on DIA as a result. In of 76 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 DIA just turned positive on June 02, 2023. Looking at past instances where DIA's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
DIA moved above its 50-day moving average on June 02, 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 DIA advanced for three days, in of 365 cases, the price rose further within the following month. The odds of a continued upward trend are .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
|ETFs / NAME||Price $||Chg $||Chg %|
|Nicholas Fixed Income Alternative ETF|
|First Trust Global Tact Cmdty Strat ETF|
|TrueShares Structured Outcome May ETF|
|First Trust IndXX NextG ETF|
|Clough Global Equity Fund|
A.I.dvisor indicates that over the last year, DIA has been closely correlated with PFM. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if DIA jumps, then PFM could also see price increases.
|PFM - DIA|
|DGRO - DIA|
|DLN - DIA|
|SCHV - DIA|
|IWX - DIA|