ESGD iShares ESG Aware MSCI EAFE ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for ESGD turns negative, indicating new downward trend
ESGD saw its Momentum Indicator move below the 0 level on December 13, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned negative. In of the 78 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ESGD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ESGD broke above its upper Bollinger Band on November 29, 2024. 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.
The Aroon Indicator for ESGD entered a downward trend on December 02, 2024. 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 Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for ESGD just turned positive on November 25, 2024. Looking at past instances where ESGD's MACD turned positive, the stock continued to rise in of 45 cases 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 ESGD advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category ForeignLargeBlend
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| LUX | 22.46 | 0.01 | +0.03% |
| Tema Luxury ETF | |||
| FBCV | 32.21 | -0.17 | -0.54% |
| Fidelity Blue Chip Value ETF | |||
| IVLU | 27.20 | -0.18 | -0.66% |
| iShares Edge MSCI Intl Value Factor ETF | |||
| FDT | 54.35 | -0.39 | -0.71% |
| First Trust Dev Mkts Ex-US AlphaDEX® ETF | |||
| DUSL | 60.54 | -1.64 | -2.64% |
| Direxion Dly Industrials Bull 3X ShsETF | |||
ESGD and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, ESGD has been closely correlated with EFA. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if ESGD jumps, then EFA could also see price increases.
| Ticker / NAME | Correlation To ESGD | 1D Price Change % | ||
|---|---|---|---|---|
| ESGD | 100% | -0.12% | ||
| EFA - ESGD | 100% Closely correlated | -0.16% | ||
| IEFA - ESGD | 100% Closely correlated | -0.24% | ||
| DIHP - ESGD | 98% Closely correlated | -0.18% | ||
| VEA - ESGD | 98% Closely correlated | -0.24% | ||
| VXUS - ESGD | 96% Closely correlated | -0.36% | ||
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