EFIX First Trust TCW Emerging Mkts Dbt ETF Forecast, Technical & Fundamental Analysis
EFIX in downward trend: 10-day moving average moved below 50-day moving average on August 21, 2023
The 10-day moving average for EFIX crossed bearishly below the 50-day moving average on August 21, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 4 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on EFIX as a result. In of 49 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 EFIX 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 22 similar instances when the indicator turned negative. In of the 22 cases the stock turned lower in the days that followed. This puts the odds of success at .
EFIX moved below its 50-day moving average on September 01, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EFIX 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where EFIX's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EFIX advanced for three days, in of 164 cases, the price rose further within the following month. The odds of a continued upward trend are .
EFIX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category EmergingMarketsBond
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| FSYNX | 7.69 | 0.11 | +1.45% |
| Fidelity Advisor® Sustainable EM Eq M | |||
| ABVRX | 15.83 | -0.01 | -0.06% |
| AB Value R | |||
| LZIOX | 15.78 | -0.02 | -0.13% |
| Lazard International Equity Open | |||
| FBUSX | 18.35 | -0.03 | -0.16% |
| Fidelity Advisor® Global Equity Inc I | |||
| OSMAX | 38.64 | -0.07 | -0.18% |
| Invesco International Small-Mid Com A | |||
EFIX and
Correlation & Price change
A.I.dvisor indicates that over the last year, EFIX has been loosely correlated with HYEM. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if EFIX jumps, then HYEM could also see price increases.
| Ticker / NAME | Correlation To EFIX | 1D Price Change % | ||
|---|---|---|---|---|
| EFIX | 100% | +0.12% | ||
| HYEM - EFIX | 63% Loosely correlated | +0.34% | ||
| JPMB - EFIX | 8% Poorly correlated | +0.40% | ||
| FAX - EFIX | 5% Poorly correlated | -0.39% | ||
| PCY - EFIX | 3% Poorly correlated | +0.54% | ||
| EMB - EFIX | 3% Poorly correlated | +0.41% | ||
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