IDRV iShares Self-Driving EV and Tech ETF Forecast, Technical & Fundamental Analysis
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 .
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)
Notable companies
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 Industrials
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| WBEIX | 10.70 | 0.06 | +0.56% |
| William Blair Emerging Mkts Growth I | |||
| FWBTX | 12.73 | 0.02 | +0.16% |
| Fidelity Advisor® Multi-Asset Income C | |||
| MMQYX | 8.89 | N/A | N/A |
| MassMutual Small Cap Val Eq Svc | |||
| FLDGX | 12.37 | N/A | N/A |
| Meeder Dynamic Allocation Retail | |||
| PAFDX | 32.35 | -0.15 | -0.46% |
| T. Rowe Price Equity Income Advisor | |||
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.
| Ticker / NAME | Correlation To IDRV | 1D Price Change % | ||
|---|---|---|---|---|
| IDRV | 100% | +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% | ||
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