IDEV iShares Core MSCI Intl Dev Mkts ETF Forecast, Technical & Fundamental Analysis
IDEV in upward trend: price rose above 50-day moving average on November 10, 2023
IDEV 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. In of 50 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on IDEV as a result. In of 82 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 IDEV just turned positive on November 01, 2023. Looking at past instances where IDEV's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for IDEV 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 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IDEV advanced for three days, in of 343 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 331 cases where IDEV 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 16 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 IDEV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
IDEV broke above its upper Bollinger Band on November 03, 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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Industry description
Market Cap
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 ForeignLargeBlend
IDEV and
Correlation & Price change
A.I.dvisor indicates that over the last year, IDEV has been closely correlated with IEFA. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if IDEV jumps, then IEFA could also see price increases.
| Ticker / NAME | Correlation To IDEV | 1D Price Change % | ||
|---|---|---|---|---|
| IDEV | 100% | -0.28% | ||
| IEFA - IDEV | 100% Closely correlated | -0.34% | ||
| EFA - IDEV | 100% Closely correlated | -0.34% | ||
| VEA - IDEV | 99% Closely correlated | -0.26% | ||
| VXUS - IDEV | 97% Closely correlated | -0.30% | ||
| VEU - IDEV | 97% Closely correlated | -0.31% |