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AMOM
ETF ticker: NYSE ARCA
AS OF
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Net Assets
14.51M

AMOM QRAFT AI-Enhanced US Large Cap Mmntm ETF Forecast, Technical & Fundamental Analysis

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

Momentum Indicator for AMOM turns positive, indicating new upward trend

AMOM saw its Momentum Indicator move above the 0 level on December 01, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 77 similar instances where the indicator turned positive. In of the 77 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

AMOM moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for AMOM crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 AMOM advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .

AMOM 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 300 cases where AMOM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where AMOM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for AMOM turned negative on November 30, 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 47 similar instances when the indicator turned negative. In of the 47 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 AMOM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), NVIDIA Corp (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Home Depot (NYSE:HD), Adobe (NASDAQ:ADBE), Costco Wholesale Corp (NASDAQ:COST), SERVICENOW (NYSE:NOW), Applied Materials (NASDAQ:AMAT), Booking Holdings (NASDAQ:BKNG).

Industry description

The investment seeks capital appreciation. The fund is an actively-managed ETF that seeks to achieve its investment objective by utilizing an investment strategy enhanced by the use of artificial intelligence. The fund invests at least 80% of its net assets, plus the amounts of any borrowings for investment purposes, in securities of U.S.-listed large capitalization companies. The Adviser consults a database generated by Qraft's AI Quantitative Investment System, which automatically evaluates and filters data according to parameters supporting a particular investment thesis. The fund is non-diversified.

Market Cap

The average market capitalization across the QRAFT AI-Enhanced US Large Cap Mmntm ETF ETF is 78.36B. The market cap for tickers in the group ranges from 6.96B to 2.84T. MSFT holds the highest valuation in this group at 2.84T. The lowest valued company is FSV at 6.96B.

High and low price notable news

The average weekly price growth across all stocks in the QRAFT AI-Enhanced US Large Cap Mmntm ETF ETF was 0%. For the same ETF, the average monthly price growth was 10%, and the average quarterly price growth was 9%. HUBS experienced the highest price growth at 11%, while JBL experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the QRAFT AI-Enhanced US Large Cap Mmntm ETF ETF was 137%. For the same stocks of the ETF, the average monthly volume growth was -13% and the average quarterly volume growth was -7%

Fundamental Analysis Ratings

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

Valuation Rating: 64
P/E Growth Rating: 48
Price Growth Rating: 43
SMR Rating: 48
Profit Risk Rating: 43
Seasonality Score: 9 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeGrowth

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Fundamentals
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Large Growth
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EXCHANGE TRADED CONCEPTS TRUST II3555 Northwest 58th Street, Suite 410Okalahoma City
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AMOM and

Correlation & Price change

A.I.dvisor tells us that AMOM and IWF have been poorly correlated (+5% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that AMOM and IWF's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AMOM
1D Price
Change %
AMOM100%
+1.45%
IWF - AMOM
5%
Poorly correlated
+0.38%
IVW - AMOM
5%
Poorly correlated
+0.36%
VUG - AMOM
5%
Poorly correlated
+0.35%
SCHG - AMOM
5%
Poorly correlated
+0.29%
QQQ - AMOM
3%
Poorly correlated
+0.29%
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