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FLQM
ETF ticker: BATS
AS OF
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Net Assets
362.96M

FLQM Franklin US Mid Cap Mltfctr Idx ETF Forecast, Technical & Fundamental Analysis

Category MidCapBlend
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FLQM with price predictions
07:00 PM EST Dec 05, 2023

Momentum Indicator for FLQM turns positive, indicating new upward trend

FLQM saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 68 similar instances where the indicator turned positive. In of the 68 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for FLQM just turned positive on November 02, 2023. Looking at past instances where FLQM's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

FLQM moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FLQM crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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 FLQM advanced for three days, in of 358 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 375 cases where FLQM 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 FLQM moved out of overbought territory on December 06, 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 47 similar instances where the indicator moved out of overbought territory. In of the 47 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 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 FLQM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FLQM 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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Phillips 66 (NASDAQ:PSX), DR Horton (NASDAQ:DHI), Nucor Corp (NASDAQ:NUE), Electronic Arts (NASDAQ:EA), Yum! Brands (NASDAQ:YUM), Fastenal Company (NASDAQ:FAST), Kroger Co (The) (NASDAQ:KR), Devon Energy Corp (NASDAQ:DVN), HP (NASDAQ:HPQ), Diamondback Energy (NASDAQ:FANG).

Industry description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Mid Cap Equity Index (the U.S. Mid Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Mid Cap underlying index. The U.S. Mid Cap underlying index is based on the Russell Midcap® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Market Cap

The average market capitalization across the Franklin US Mid Cap Mltfctr Idx ETF ETF is 19.18B. The market cap for tickers in the group ranges from 676.81M to 57.06B. PSX holds the highest valuation in this group at 57.06B. The lowest valued company is MRVI at 676.81M.

High and low price notable news

The average weekly price growth across all stocks in the Franklin US Mid Cap Mltfctr Idx ETF ETF was 2%. For the same ETF, the average monthly price growth was 6%, and the average quarterly price growth was 6%. ULTA experienced the highest price growth at 18%, while TPL experienced the biggest fall at -10%.

Volume

The average weekly volume growth across all stocks in the Franklin US Mid Cap Mltfctr Idx ETF ETF was -64%. For the same stocks of the ETF, the average monthly volume growth was -64% and the average quarterly volume growth was -54%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 42
Price Growth Rating: 43
SMR Rating: 45
Profit Risk Rating: 43
Seasonality Score: 9 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category MidCapBlend

Profile
Fundamentals
Details
Category
Mid-Cap Blend
Address
Franklin Templeton ETF TrustONE FRANKLIN PARKWAYSAN MATEO
Phone
N/A
Web
etf.franklintempleton.com
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FLQM and

Correlation & Price change

A.I.dvisor indicates that over the last year, FLQM has been closely correlated with IWR. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if FLQM jumps, then IWR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FLQM
1D Price
Change %
FLQM100%
-0.11%
IWR - FLQM
89%
Closely correlated
-0.08%
VO - FLQM
89%
Closely correlated
-0.13%
IJH - FLQM
87%
Closely correlated
-0.16%
MDY - FLQM
87%
Closely correlated
-0.18%
VXF - FLQM
85%
Closely correlated
-0.17%
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