BRF VanEck Brazil Small-Cap ETF Forecast, Technical & Fundamental Analysis
BRF in upward trend: 10-day moving average crossed above 50-day moving average on November 14, 2023
The 10-day moving average for BRF 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
BRF 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BRF advanced for three days, in of 326 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 259 cases where BRF 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where BRF's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
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 BRF as a result. In of 91 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 BRF 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 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 BRF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BRF 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)
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 LatinAmericaStock
BRF and
Correlation & Price change
A.I.dvisor tells us that BRF and FLLA have been poorly correlated (+31% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BRF and FLLA's prices will move in lockstep.
| Ticker / NAME | Correlation To BRF | 1D Price Change % | ||
|---|---|---|---|---|
| BRF | 100% | +1.29% | ||
| FLLA - BRF | 31% Poorly correlated | +0.51% | ||
| EWZ - BRF | -4% Poorly correlated | +0.27% | ||
| EWZS - BRF | -5% Poorly correlated | +0.56% | ||
| ILF - BRF | -6% Poorly correlated | +0.36% | ||
| FLN - BRF | -6% Poorly correlated | +0.03% | ||
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