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EFIX
ETF ticker: BATS
AS OF
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Net Assets
31.57M

EFIX First Trust TCW Emerging Mkts Dbt ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for EFIX with price predictions
08:00 PM EDT Sep 21, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to provide high total return from current income and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets in debt securities issued or guaranteed by companies, financial institutions and government entities located in emerging market countries. Its investments include, but are not limited to, debt securities issued by sovereign entities, quasi-sovereign entities and corporations. The fund may invest up to 25% of its net assets in securities issued by corporations in emerging market countries that are not Quasi-Sovereign entities. It is non-diversified.
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A.I. Advisor
published General Information

General Information

Category EmergingMarketsBond

Profile
Fundamentals
Details
Category
Emerging Markets Bond
Address
First Trust Exchange-Traded Fund VIII120 East Liberty Drive, Suite 400Wheaton
Phone
N/A
Web
N/A
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EFIX
1D Price
Change %
EFIX100%
+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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