AIRR First Trust RBA Amer Indl RenaisTM ETF Forecast, Technical & Fundamental Analysis
AIRR sees MACD Histogram just turned negative
AIRR saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 02, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 42 instances where the indicator turned negative. In of the 42 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for AIRR moved out of overbought territory on November 26, 2024. 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 44 similar instances where the indicator moved out of overbought territory. In of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AIRR as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AIRR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AIRR advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .
AIRR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 326 cases where AIRR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Industrials
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GCMUX | 38.23 | N/A | N/A |
| Goldman Sachs Mid Cap Value R6 | |||
| FKKSX | 50.14 | -0.28 | -0.56% |
| Federated Hermes Kaufmann Small Cap R | |||
| LDVAX | 26.14 | -0.22 | -0.83% |
| AXS FTSE Vntr Cptl RetTrckr A | |||
| LSCRX | 24.54 | -0.31 | -1.25% |
| Loomis Sayles Small Cap Value Retail | |||
| ICAFX | 59.30 | -4.91 | -7.65% |
| American Funds Invmt Co of Amer F2 | |||
AIRR and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, AIRR has been closely correlated with RSHO. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if AIRR jumps, then RSHO could also see price increases.
| Ticker / NAME | Correlation To AIRR | 1D Price Change % | ||
|---|---|---|---|---|
| AIRR | 100% | -1.86% | ||
| RSHO - AIRR | 92% Closely correlated | -1.17% | ||
| PSCI - AIRR | 92% Closely correlated | -1.68% | ||
| FXR - AIRR | 91% Closely correlated | -1.33% | ||
| PRN - AIRR | 91% Closely correlated | -1.33% | ||
| FIDU - AIRR | 90% Closely correlated | -0.96% | ||
More | ||||