DVYE iShares Emerging Markets Dividend ETF Forecast, Technical & Fundamental Analysis
DVYE in +1.90% Uptrend, advancing for three consecutive days on November 20, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where DVYE advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 01, 2023. You may want to consider a long position or call options on DVYE as a result. In of 83 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 DVYE just turned positive on November 01, 2023. Looking at past instances where DVYE's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
DVYE moved above its 50-day moving average on November 01, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for DVYE crossed bullishly above the 50-day moving average on November 07, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 .
The Aroon Indicator entered an Uptrend today. In of 244 cases where DVYE 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 Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where DVYE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DVYE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
DVYE broke above its upper Bollinger Band on November 02, 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 DiversifiedEmergingMkts
DVYE and
Correlation & Price change
A.I.dvisor indicates that over the last year, DVYE has been closely correlated with IEMG. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if DVYE jumps, then IEMG could also see price increases.
| Ticker / NAME | Correlation To DVYE | 1D Price Change % | ||
|---|---|---|---|---|
| DVYE | 100% | +1.57% | ||
| IEMG - DVYE | 82% Closely correlated | +0.54% | ||
| EMXC - DVYE | 81% Closely correlated | +0.89% | ||
| EEM - DVYE | 81% Closely correlated | +0.43% | ||
| SPEM - DVYE | 81% Closely correlated | +0.55% | ||
| SCHE - DVYE | 81% Closely correlated | +0.36% | ||
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