EVMT Invesco Elctc vhcl Mtls Cmd StgyNoK-1ETF Forecast, Technical & Fundamental Analysis
EVMT's Stochastic Oscillator is staying in 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.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where EVMT's RSI Indicator exited the oversold zone, of 21 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EVMT 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 EVMT entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category CommoditiesBroadBasket
EVMT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EVMT has been closely correlated with BCIM. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if EVMT jumps, then BCIM could also see price increases.
| Ticker / NAME | Correlation To EVMT | 1D Price Change % | ||
|---|---|---|---|---|
| EVMT | 100% | +0.66% | ||
| BCIM - EVMT | 86% Closely correlated | +0.28% | ||
| SLV - EVMT | 43% Loosely correlated | -1.53% | ||
| IAUM - EVMT | 38% Loosely correlated | -0.44% | ||
| SLVO - EVMT | 35% Loosely correlated | -0.91% | ||
| SGOL - EVMT | 34% Loosely correlated | -0.58% | ||
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