EATZ AdvisorShares Restaurant ETF Forecast, Technical & Fundamental Analysis
EATZ's RSI Indicator remains in oversold zone for 1 day
It is expected that a price bounce should occur soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 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 EATZ advanced for three days, in of 148 cases, the price rose further within the following month. The odds of a continued upward trend are .
EATZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 01, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on EATZ as a result. In of 44 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 EATZ turned negative on September 21, 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 EATZ 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 EATZ entered a downward trend on September 21, 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.
Fundamental Analysis (Ratings)
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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 ConsumerDiscretionary
EATZ and
Correlation & Price change
A.I.dvisor tells us that EATZ and FDIS have been poorly correlated (+3% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that EATZ and FDIS's prices will move in lockstep.
| Ticker / NAME | Correlation To EATZ | 1D Price Change % | ||
|---|---|---|---|---|
| EATZ | 100% | -0.86% | ||
| FDIS - EATZ | 3% Poorly correlated | -0.80% | ||
| ITB - EATZ | -2% Poorly correlated | +0.15% | ||
| XHB - EATZ | -6% Poorly correlated | +0.11% | ||
| XLY - EATZ | -6% Poorly correlated | -0.98% | ||
| VCR - EATZ | -7% Poorly correlated | -0.84% | ||
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