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IDRV
ETF ticker: NYSE ARCA
AS OF
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Net Assets
391.27M

IDRV iShares Self-Driving EV and Tech ETF Forecast, Technical & Fundamental Analysis

Category Industrials
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for IDRV with price predictions
08:00 PM EDT Sep 21, 2023

IDRV's Indicator enters downward trend

The Aroon Indicator for IDRV entered a downward trend on August 29, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 125 similar instances where the Aroon Indicator formed such a pattern. In of the 125 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on IDRV as a result. In of 69 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 IDRV 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 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for IDRV crossed bearishly below the 50-day moving average on August 16, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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

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 3 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 IDRV advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .

IDRV 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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Yandex NV (NASDAQ:YNDX), Livent Corp (NYSE:LTHM).

Industry description

The investment seeks to track the investment results of the NYSE® FactSet® Global Autonomous Driving and Electric Vehicle IndexTM. The index is composed of equity securities of companies listed in one of 43 developed or emerging market countries that derive a certain specified percentage of their revenue from selected autonomous or electric vehicle-related industries, as defined by IDI. The fund generally will invest at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index. It is non-diversified.

Market Cap

The average market capitalization across the iShares Self-Driving EV and Tech ETF ETF is 173.14B. The market cap for tickers in the group ranges from 200.93M to 811.59B. TSLA holds the highest valuation in this group at 811.59B. The lowest valued company is BLNK at 200.93M.

High and low price notable news

The average weekly price growth across all stocks in the iShares Self-Driving EV and Tech ETF ETF was -6%. For the same ETF, the average monthly price growth was -5%, and the average quarterly price growth was 3%. SRI experienced the highest price growth at 6%, while AUR experienced the biggest fall at -23%.

Volume

The average weekly volume growth across all stocks in the iShares Self-Driving EV and Tech ETF ETF was -35%. For the same stocks of the ETF, the average monthly volume growth was 14% and the average quarterly volume growth was 8%

Fundamental Analysis Ratings

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

Valuation Rating: 61
P/E Growth Rating: 51
Price Growth Rating: 59
SMR Rating: 70
Profit Risk Rating: 73
Seasonality Score: -25 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Industrials

Profile
Fundamentals
Details
Category
Industrials
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
Web
www.ishares.com
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IDRV and

Correlation & Price change

A.I.dvisor indicates that over the last year, IDRV has been closely correlated with IYJ. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if IDRV jumps, then IYJ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To IDRV
1D Price
Change %
IDRV100%
+0.41%
IYJ - IDRV
87%
Closely correlated
-0.25%
FXR - IDRV
76%
Closely correlated
-0.14%
VIS - IDRV
75%
Closely correlated
-0.32%
XLI - IDRV
73%
Closely correlated
-0.34%
XAR - IDRV
66%
Loosely correlated
-0.88%
More