ESMV iShares ESG MSCI USA Min Vol Factor ETF Forecast, Technical & Fundamental Analysis
ESMV's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for ESMV turned positive on November 02, 2023. Looking at past instances where ESMV's MACD turned positive, the stock continued to rise in of 14 cases over 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 ESMV as a result. In of 31 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
ESMV moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ESMV crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 6 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 ESMV advanced for three days, in of 99 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 99 cases where ESMV 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 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 ESMV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
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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 LargeBlend
ESMV and
Correlation & Price change
A.I.dvisor indicates that over the last year, ESMV has been closely correlated with VIG. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if ESMV jumps, then VIG could also see price increases.
| Ticker / NAME | Correlation To ESMV | 1D Price Change % | ||
|---|---|---|---|---|
| ESMV | 100% | -0.16% | ||
| VIG - ESMV | 95% Closely correlated | -0.22% | ||
| IVV - ESMV | 89% Closely correlated | -0.43% | ||
| SPY - ESMV | 89% Closely correlated | -0.42% | ||
| VTI - ESMV | 88% Closely correlated | -0.38% | ||
| VOO - ESMV | 88% Closely correlated | -0.43% |