ESML iShares ESG Aware MSCI USA Small-Cap ETF Forecast, Technical & Fundamental Analysis
ESML in upward trend: price rose above 50-day moving average on November 14, 2023
ESML 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. In of 46 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
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 ESML as a result. In of 82 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 ESML just turned positive on November 02, 2023. Looking at past instances where ESML's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for ESML crossed bullishly above the 50-day moving average on November 17, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 ESML advanced for three days, in of 326 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 319 cases where ESML Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for ESML moved out of overbought territory on December 05, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ESML declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ESML 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.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category SmallBlend
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| EVUAX | 17.03 | 0.19 | +1.13% |
| Allspring Util and Telecomms A | |||
| QFVIX | 22.15 | 0.05 | +0.23% |
| Pear Tree Polaris Foreign Value Instl | |||
| TRAOX | 13.46 | -0.03 | -0.22% |
| T. Rowe Price Asia Opportunities | |||
| CWGIX | 57.99 | -0.15 | -0.26% |
| American Funds Capital World Gr&Inc A | |||
| FRLCX | 13.55 | -0.05 | -0.37% |
| Nuveen Real Estate Securities C | |||
ESML and
Correlation & Price change
A.I.dvisor indicates that over the last year, ESML has been closely correlated with SCHA. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if ESML jumps, then SCHA could also see price increases.
| Ticker / NAME | Correlation To ESML | 1D Price Change % | ||
|---|---|---|---|---|
| ESML | 100% | -0.20% | ||
| SCHA - ESML | 99% Closely correlated | -0.06% | ||
| VB - ESML | 99% Closely correlated | -0.15% | ||
| VTWO - ESML | 99% Closely correlated | -0.28% | ||
| FNDA - ESML | 99% Closely correlated | -0.15% | ||
| IWM - ESML | 99% Closely correlated | -0.18% | ||
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