BKMC BNY Mellon US Mid Cap Core Equity ETF Forecast, Technical & Fundamental Analysis
BKMC in downward trend: 10-day moving average broke below 50-day moving average on August 17, 2023
The 10-day moving average for BKMC crossed bearishly below the 50-day moving average on August 17, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 10 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BKMC as a result. In of 57 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 BKMC turned negative on September 15, 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 27 similar instances when the indicator turned negative. In of the 27 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 BKMC 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 BKMC entered a downward trend on August 31, 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.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 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 BKMC advanced for three days, in of 241 cases, the price rose further within the following month. The odds of a continued upward trend are .
BKMC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call 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 MidCapBlend
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| JHTGX | 15.65 | N/A | N/A |
| JPMorgan Hedged Equity 3 R5 | |||
| AWPZX | 17.25 | N/A | N/A |
| AB Sustainable International Thematic Z | |||
| JARTX | 41.37 | -0.02 | -0.05% |
| Janus Henderson Forty S | |||
| NAWCX | 36.34 | -0.09 | -0.25% |
| Voya Global High Dividend Low Vol C | |||
| NBRVX | 23.31 | -0.11 | -0.47% |
| Neuberger Berman M/C Intrinsic Val Inv | |||
BKMC and
Correlation & Price change
A.I.dvisor tells us that BKMC and VXF have been poorly correlated (+13% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BKMC and VXF's prices will move in lockstep.
| Ticker / NAME | Correlation To BKMC | 1D Price Change % | ||
|---|---|---|---|---|
| BKMC | 100% | -0.26% | ||
| VXF - BKMC | 13% Poorly correlated | -0.08% | ||
| IWR - BKMC | 12% Poorly correlated | -0.26% | ||
| IJH - BKMC | 12% Poorly correlated | -0.12% | ||
| MDY - BKMC | 12% Poorly correlated | -0.12% | ||
| VO - BKMC | 12% Poorly correlated | -0.18% | ||
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