AIRR First Trust RBA Amer Indl RenaisTM ETF Forecast, Technical & Fundamental Analysis
AIRR's RSI Indicator climbs out of oversold territory
The RSI Indicator for AIRR moved out of oversold territory on October 26, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In of the 23 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 01, 2023. You may want to consider a long position or call options on AIRR as a result. In of 87 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 AIRR just turned positive on November 02, 2023. Looking at past instances where AIRR's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .
AIRR moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for AIRR crossed bullishly above the 50-day moving average on November 22, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AIRR advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 67 cases where AIRR's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The 50-day moving average for AIRR moved below the 200-day moving average on November 20, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
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 .
AIRR broke above its upper Bollinger Band on November 14, 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 AIRR entered a downward trend on November 10, 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.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Industrials
AIRR and
Correlation & Price change
A.I.dvisor indicates that over the last year, AIRR has been closely correlated with FXR. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if AIRR jumps, then FXR could also see price increases.
| Ticker / NAME | Correlation To AIRR | 1D Price Change % | ||
|---|---|---|---|---|
| AIRR | 100% | +2.52% | ||
| FXR - AIRR | 91% Closely correlated | +2.15% | ||
| IYJ - AIRR | 91% Closely correlated | +1.55% | ||
| VIS - AIRR | 90% Closely correlated | +1.86% | ||
| XLI - AIRR | 86% Closely correlated | +1.58% | ||
| PPA - AIRR | 74% Closely correlated | +1.25% | ||
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