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DEEP
ETF ticker: NYSE ARCA
AS OF
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Net Assets
37.1M

DEEP Roundhill Acquirers Deep Value ETF Forecast, Technical & Fundamental Analysis

Category SmallValue
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for DEEP with price predictions
07:00 PM EST Dec 03, 2023

DEEP in upward trend: 10-day moving average moved above 50-day moving average on November 24, 2023

The 10-day moving average for DEEP crossed bullishly above the 50-day moving average on November 24, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 10, 2023. You may want to consider a long position or call options on DEEP as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for DEEP just turned positive on November 02, 2023. Looking at past instances where DEEP's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

DEEP moved above its 50-day moving average on November 17, 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 DEEP advanced for three days, in of 311 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 296 cases where DEEP 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 demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 50-day moving average for DEEP moved below the 200-day moving average on November 01, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DEEP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DEEP broke above its upper Bollinger Band on December 01, 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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are G-III Apparel Group Ltd (NASDAQ:GIII), GrafTech International Ltd (NYSE:EAF), WW International (NASDAQ:WW), MasterCraft Boat Holdings (NASDAQ:MCFT).

Industry description

The investment seeks to track the performance, before fees and expenses, of the Acquirers Deep Value Index (the "index"). The index was established in 2020 by Acquirers Funds, LLC and tracks the performance of a portfolio of 100 of the most undervalued, fundamentally strong stocks drawn from the smallest 75% of stocks listed in the U.S. by market capitalization meeting certain liquidity thresholds. The fund uses a “passive management” approach to track the performance, before fees and expenses, of the index. The fund generally will invest in all of the component securities of the index in the same approximate proportions as in the index. It is non-diversified.

Market Cap

The average market capitalization across the Roundhill Acquirers Deep Value ETF ETF is 1.1B. The market cap for tickers in the group ranges from 109.61M to 2.92B. MHO holds the highest valuation in this group at 2.92B. The lowest valued company is EGRX at 109.61M.

High and low price notable news

The average weekly price growth across all stocks in the Roundhill Acquirers Deep Value ETF ETF was 3%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was 2%. LZB experienced the highest price growth at 17%, while EGRX experienced the biggest fall at -26%.

Volume

The average weekly volume growth across all stocks in the Roundhill Acquirers Deep Value ETF ETF was 25%. For the same stocks of the ETF, the average monthly volume growth was -22% and the average quarterly volume growth was -10%

Fundamental Analysis Ratings

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

Valuation Rating: 46
P/E Growth Rating: 44
Price Growth Rating: 51
SMR Rating: 56
Profit Risk Rating: 63
Seasonality Score: 27 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category SmallValue

Profile
Fundamentals
Details
Category
Small Value
Address
ETF Series Solutions615 East Michigan Street, Milwaukee, WisconsinEast Michigan
Phone
(414) 765-5586
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DEEP and

Correlation & Price change

A.I.dvisor tells us that DEEP and IWN have been poorly correlated (+20% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that DEEP and IWN's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DEEP
1D Price
Change %
DEEP100%
+0.95%
IWN - DEEP
20%
Poorly correlated
+1.11%
IJS - DEEP
19%
Poorly correlated
+1.36%
DFAT - DEEP
18%
Poorly correlated
+0.89%
AVUV - DEEP
18%
Poorly correlated
+0.70%
VBR - DEEP
17%
Poorly correlated
+0.87%
More