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HLAL
ETF ticker: NASDAQ
AS OF
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Net Assets
322.98M

HLAL Wahed FTSE USA Shariah ETF Forecast, Technical & Fundamental Analysis

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

Aroon Indicator for HLAL shows an upward move is likely

HLAL's Aroon Indicator triggered a bullish signal on December 06, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 374 similar instances where the Aroon Indicator showed a similar pattern. In of the 374 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

HLAL 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 HLAL crossed bullishly above the 50-day moving average on November 14, 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 HLAL advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for HLAL moved out of overbought territory on December 04, 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 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where HLAL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on December 06, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on HLAL as a result. In of 60 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 HLAL turned negative on December 05, 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HLAL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA), Eli Lilly & Co (NASDAQ:LLY), Exxon Mobil Corp (NASDAQ:XOM), Johnson & Johnson (NASDAQ:JNJ), Procter & Gamble Company (NASDAQ:PG).

Industry description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE Shariah USA Index. The index is composed of common stocks of large- and mid-capitalization U.S. companies the characteristics of which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Market Cap

The average market capitalization across the Wahed FTSE USA Shariah ETF ETF is 108.24B. The market cap for tickers in the group ranges from 5.03B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is MASI at 5.03B.

High and low price notable news

The average weekly price growth across all stocks in the Wahed FTSE USA Shariah ETF ETF was -1%. For the same ETF, the average monthly price growth was 4%, and the average quarterly price growth was 6%. ULTA experienced the highest price growth at 18%, while MRVL experienced the biggest fall at -10%.

Volume

The average weekly volume growth across all stocks in the Wahed FTSE USA Shariah ETF ETF was -12%. For the same stocks of the ETF, the average monthly volume growth was 3% and the average quarterly volume growth was -6%

Fundamental Analysis Ratings

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

Valuation Rating: 58
P/E Growth Rating: 47
Price Growth Rating: 43
SMR Rating: 55
Profit Risk Rating: 49
Seasonality Score: 17 (-100 ... +100)
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HLAL and

Correlation & Price change

A.I.dvisor indicates that over the last year, HLAL has been closely correlated with IVV. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if HLAL jumps, then IVV could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HLAL
1D Price
Change %
HLAL100%
-0.52%
IVV - HLAL
97%
Closely correlated
-0.41%
SPY - HLAL
97%
Closely correlated
-0.40%
VOO - HLAL
97%
Closely correlated
-0.42%
VTI - HLAL
96%
Closely correlated
-0.42%
VIG - HLAL
88%
Closely correlated
-0.19%