ERTH Invesco MSCI Sustainable Future ETF Forecast, Technical & Fundamental Analysis
ERTH sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for ERTH moved below the 200-day moving average on September 26, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ERTH as a result. In of 72 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 ERTH turned negative on September 19, 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 40 similar instances when the indicator turned negative. In of the 40 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 ERTH 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 ERTH entered a downward trend on September 01, 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.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 3 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 Uptrend is expected.
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 ERTH advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
ERTH 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)
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High and low price notable news
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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 Miscellaneous
ERTH and
Correlation & Price change
A.I.dvisor indicates that over the last year, ERTH has been closely correlated with QCLN. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if ERTH jumps, then QCLN could also see price increases.
| Ticker / NAME | Correlation To ERTH | 1D Price Change % | ||
|---|---|---|---|---|
| ERTH | 100% | -1.65% | ||
| QCLN - ERTH | 91% Closely correlated | -1.40% | ||
| ICLN - ERTH | 83% Closely correlated | -2.00% | ||
| XT - ERTH | 80% Closely correlated | -1.59% | ||
| TAN - ERTH | 80% Closely correlated | -1.58% | ||
| BOTZ - ERTH | 77% Closely correlated | -2.03% | ||
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