HEEM iShares Currency Hedged MSCI Em Mkts ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for HEEM turns negative, indicating new downward trend
HEEM saw its Momentum Indicator move below the 0 level on September 18, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 87 similar instances where the indicator turned negative. In of the 87 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for HEEM turned negative on September 20, 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
HEEM moved below its 50-day moving average on August 30, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HEEM 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 HEEM entered a downward trend on September 26, 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where HEEM's RSI Indicator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 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 HEEM advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .
HEEM 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)
Industry description
High and low price notable news
General Information
Category DiversifiedEmergingMkts
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| TIHBX | 10.31 | -0.11 | -1.06% |
| Transamerica International Stock I | |||
| BPGSX | 9.71 | -0.11 | -1.12% |
| Boston Partners Global Sustainablty Ins | |||
| LMPIX | 29.61 | -0.39 | -1.30% |
| ClearBridge Appreciation FI | |||
| DFMLX | 29.13 | -0.41 | -1.39% |
| DF Dent Midcap Growth Institutional Plus | |||
| OSSIX | 18.38 | -0.28 | -1.50% |
| Invesco Main Street Small Cap R6 | |||
HEEM and
Correlation & Price change
A.I.dvisor indicates that over the last year, HEEM has been closely correlated with SCHE. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if HEEM jumps, then SCHE could also see price increases.
| Ticker / NAME | Correlation To HEEM | 1D Price Change % | ||
|---|---|---|---|---|
| HEEM | 100% | -0.93% | ||
| SCHE - HEEM | 85% Closely correlated | -1.12% | ||
| EEM - HEEM | 85% Closely correlated | -1.41% | ||
| VWO - HEEM | 84% Closely correlated | -1.16% | ||
| SPEM - HEEM | 84% Closely correlated | -1.07% | ||
| IEMG - HEEM | 84% Closely correlated | -1.42% | ||
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