FIVG Defiance 5G Next Gen Connectivity ETF Forecast, Technical & Fundamental Analysis
FIVG's RSI Indicator climbs out of oversold territory
The RSI Oscillator for FIVG moved out of oversold territory on May 05, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In of the 24 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 17, 2023. You may want to consider a long position or call options on FIVG as a result. In of 66 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 FIVG just turned positive on May 10, 2023. Looking at past instances where FIVG's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .
FIVG moved above its 50-day moving average on May 26, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for FIVG crossed bullishly above the 50-day moving average on May 30, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 .
The 50-day moving average for FIVG moved above the 200-day moving average on May 26, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FIVG advanced for three days, in of 267 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 272 cases where FIVG 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 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 FIVG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FIVG broke above its upper Bollinger Band on May 26, 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)
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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 Communications
FIVG and
Correlation & Price change
A.I.dvisor indicates that over the last year, FIVG has been closely correlated with IYZ. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if FIVG jumps, then IYZ could also see price increases.
| Ticker / NAME | Correlation To FIVG | 1D Price Change % | ||
|---|---|---|---|---|
| FIVG | 100% | +0.16% | ||
| IYZ - FIVG | 87% Closely correlated | +0.19% | ||
| FCOM - FIVG | 85% Closely correlated | +0.44% | ||
| VOX - FIVG | 84% Closely correlated | +0.39% | ||
| MRAD - FIVG | 84% Closely correlated | N/A | ||
| IXP - FIVG | 82% Closely correlated | +0.31% | ||
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