AVEM Avantis Emerging Markets Equity ETF Forecast, Technical & Fundamental Analysis
AVEM in upward trend: 10-day moving average broke above 50-day moving average on November 14, 2023
The 10-day moving average for AVEM crossed bullishly above the 50-day moving average on November 14, 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
AVEM moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.
The 50-day moving average for AVEM moved above the 200-day moving average on December 04, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AVEM advanced for three days, in of 265 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 216 cases where AVEM 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 10-day RSI Indicator for AVEM moved out of overbought territory on November 21, 2023. 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 29 similar instances where the indicator moved out of overbought territory. In of the 29 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 05, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on AVEM as a result. In of 72 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 AVEM turned negative on December 05, 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 36 similar instances when the indicator turned negative. In of the 36 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 AVEM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
AVEM broke above its upper Bollinger Band on November 03, 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.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category DiversifiedEmergingMkts
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| QTJA | 21.10 | N/A | N/A |
| Innovator Growth Accelerated Pls ETF Jan | |||
| DFGR | 24.67 | -0.02 | -0.06% |
| Dimensional Global Real Estate ETF | |||
| SVXY | 98.34 | -0.12 | -0.12% |
| ProShares Short VIX Short-Term Futures | |||
| ONLN | 33.14 | -0.22 | -0.66% |
| ProShares Online Retail ETF | |||
| HIX | 4.79 | -0.06 | -1.24% |
| Western Asset High Income Fund II | |||
AVEM and
Correlation & Price change
A.I.dvisor indicates that over the last year, AVEM has been closely correlated with IEMG. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if AVEM jumps, then IEMG could also see price increases.
| Ticker / NAME | Correlation To AVEM | 1D Price Change % | ||
|---|---|---|---|---|
| AVEM | 100% | +0.04% | ||
| IEMG - AVEM | 99% Closely correlated | -0.16% | ||
| EEM - AVEM | 98% Closely correlated | -0.13% | ||
| SPEM - AVEM | 98% Closely correlated | -0.03% | ||
| VWO - AVEM | 98% Closely correlated | -0.07% | ||
| SCHE - AVEM | 98% Closely correlated | +0.01% | ||
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