ALTL Pacer Lunt Large Cap Alternator ETF Forecast, Technical & Fundamental Analysis
ALTL in upward trend: price may ascend as a result of having broken its lower Bollinger Band on September 21, 2023
ALTL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 29 cases where ALTL's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ALTL's RSI Oscillator exited the oversold zone, of 18 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 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 ALTL advanced for three days, in of 199 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ALTL as a result. In of 52 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ALTL turned negative on September 13, 2023. 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 26 similar instances when the indicator turned negative. In of the 26 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 ALTL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for ALTL entered a downward trend on August 29, 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 LargeValue
ALTL and
Correlation & Price change
A.I.dvisor indicates that over the last year, ALTL has been closely correlated with IWD. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if ALTL jumps, then IWD could also see price increases.
| Ticker / NAME | Correlation To ALTL | 1D Price Change % | ||
|---|---|---|---|---|
| ALTL | 100% | +0.20% | ||
| IWD - ALTL | 81% Closely correlated | -0.47% | ||
| SCHD - ALTL | 78% Closely correlated | -0.35% | ||
| DIA - ALTL | 77% Closely correlated | -0.50% | ||
| VTV - ALTL | 77% Closely correlated | -0.65% | ||
| VYM - ALTL | 76% Closely correlated | -0.54% |