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AIRR
ETF ticker: NASDAQ
AS OF
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Net Assets
529.36M

AIRR First Trust RBA Amer Indl RenaisTM ETF Forecast, Technical & Fundamental Analysis

Category Industrials
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for AIRR with price predictions
07:00 PM EST Nov 30, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are MasTec (NYSE:MTZ).

Industry description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Richard Bernstein Advisors American Industrial Renaissance ® Index (the "index"). The fund will normally invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors.

Market Cap

The average market capitalization across the First Trust RBA Amer Indl RenaisTM ETF ETF is 3.46B. The market cap for tickers in the group ranges from 243M to 15.81B. HUBB holds the highest valuation in this group at 15.81B. The lowest valued company is ARIS at 243M.

High and low price notable news

The average weekly price growth across all stocks in the First Trust RBA Amer Indl RenaisTM ETF ETF was 2%. For the same ETF, the average monthly price growth was 11%, and the average quarterly price growth was 4%. AMRC experienced the highest price growth at 11%, while WIRE experienced the biggest fall at -4%.

Volume

The average weekly volume growth across all stocks in the First Trust RBA Amer Indl RenaisTM ETF ETF was 216%. For the same stocks of the ETF, the average monthly volume growth was -39% and the average quarterly volume growth was -2%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 65
P/E Growth Rating: 64
Price Growth Rating: 48
SMR Rating: 49
Profit Risk Rating: 51
Seasonality Score: 21 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Industrials

Profile
Fundamentals
Details
Category
Industrials
Address
Wheaton
Phone
N/A
Web
www.ftportfolios.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AIRR
1D Price
Change %
AIRR100%
+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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