CRBN iShares MSCI ACWI Low Carbon Target ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for CRBN turns negative, indicating new downward trend
CRBN saw its Momentum Indicator move below the 0 level on December 17, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 68 similar instances where the indicator turned negative. In of the 68 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for CRBN moved out of overbought territory on December 10, 2024. 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 50 similar instances where the indicator moved out of overbought territory. In of the 50 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for CRBN turned negative on December 13, 2024. 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 52 similar instances when the indicator turned negative. In of the 52 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 CRBN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator demonstrated 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CRBN advanced for three days, in of 360 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 347 cases where CRBN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category ForeignLargeBlend
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| TCEPX | 42.42 | N/A | N/A |
| Nuveen Equity Index Premier | |||
| CPCLX | 15.80 | -0.04 | -0.25% |
| Calamos Phineus Long/Short C | |||
| ITEAX | 10.37 | -0.05 | -0.48% |
| VY® T. Rowe Price Equity Income A | |||
| LFGTX | 38.44 | -0.35 | -0.90% |
| Lord Abbett Focused Growth R5 | |||
| ALPAX | 10.21 | -0.80 | -7.27% |
| American Century Focused Lg Cap Val A | |||
CRBN and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CRBN has been closely correlated with JGLO. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if CRBN jumps, then JGLO could also see price increases.
| Ticker / NAME | Correlation To CRBN | 1D Price Change % | ||
|---|---|---|---|---|
| CRBN | 100% | -0.37% | ||
| JGLO - CRBN | 95% Closely correlated | -0.34% | ||
| ACWI - CRBN | 87% Closely correlated | -0.38% | ||
| URTH - CRBN | 87% Closely correlated | -0.37% | ||
| VT - CRBN | 86% Closely correlated | -0.42% | ||
| IOO - CRBN | 80% Closely correlated | -0.14% | ||
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