ERET iShares Environmentally Aware Rl Est ETF Forecast, Technical & Fundamental Analysis
ERET in -2.31% downward trend, falling for three consecutive days on November 07, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ERET declined for three days, in of 61 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
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.
ERET 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on ERET as a result. In of 11 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 ERET just turned positive on November 01, 2023. Looking at past instances where ERET's MACD turned positive, the stock continued to rise in of 4 cases over the following month. The odds of a continued upward trend are .
ERET moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ERET crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ERET advanced for three days, in of 58 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 39 cases where ERET Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category GlobalRealEstate
ERET and
Correlation & Price change
A.I.dvisor indicates that over the last year, ERET has been closely correlated with REET. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if ERET jumps, then REET could also see price increases.
| Ticker / NAME | Correlation To ERET | 1D Price Change % | ||
|---|---|---|---|---|
| ERET | 100% | +2.18% | ||
| REET - ERET | 98% Closely correlated | +2.24% | ||
| RWO - ERET | 97% Closely correlated | +2.11% | ||
| VNQI - ERET | 86% Closely correlated | +1.71% | ||
| IGR - ERET | 73% Closely correlated | +5.84% |