FLZA Franklin FTSE South Africa ETF Forecast, Technical & Fundamental Analysis
FLZA in -3.61% downward trend, declining for three consecutive days on October 03, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FLZA declined for three days, in of 295 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FLZA as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for FLZA turned negative on September 27, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for FLZA entered a downward trend on October 03, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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 upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FLZA advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .
FLZA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Miscellaneous
FLZA and
Correlation & Price change
A.I.dvisor tells us that FLZA and EWY have been poorly correlated (+7% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that FLZA and EWY's prices will move in lockstep.
| Ticker / NAME | Correlation To FLZA | 1D Price Change % | ||
|---|---|---|---|---|
| FLZA | 100% | -0.75% | ||
| EWY - FLZA | 7% Poorly correlated | -1.01% | ||
| EWA - FLZA | 4% Poorly correlated | -1.33% | ||
| BBCA - FLZA | 4% Poorly correlated | -1.16% | ||
| EWC - FLZA | 4% Poorly correlated | -1.19% | ||
| EWU - FLZA | 3% Poorly correlated | -0.55% |