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IDX
ETF ticker: NYSE ARCA
AS OF
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Net Assets
28.93M

IDX VanEck Indonesia ETF Forecast, Technical & Fundamental Analysis

Category Miscellaneous
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for IDX with price predictions
07:00 PM EST Nov 27, 2023

IDX's RSI Indicator ascends from oversold territory

The RSI Indicator for IDX moved out of oversold territory on November 02, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 03, 2023. You may want to consider a long position or call options on IDX as a result. In of 98 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 IDX just turned positive on November 03, 2023. Looking at past instances where IDX'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 .

IDX moved above its 50-day moving average on November 24, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for IDX crossed bullishly above the 50-day moving average on November 28, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 IDX advanced for three days, in of 283 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IDX 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 IDX entered a downward trend on November 10, 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Indonesia Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes securities of Indonesian companies. A company is generally considered to be an Indonesian company if it is incorporated in Indonesia or is incorporated outside of Indonesia but has at least 50% of its revenues/related assets in Indonesia. Such companies may include small- and medium-capitalization companies. It is non-diversified.

Market Cap

The average market capitalization across the VanEck Indonesia ETF ETF is 10.01B. The market cap for tickers in the group ranges from 1.13K to 116.34B. ANTM holds the highest valuation in this group at 116.34B. The lowest valued company is EXCL at 1.13K.

High and low price notable news

The average weekly price growth across all stocks in the VanEck Indonesia ETF ETF was 2%. For the same ETF, the average monthly price growth was 8%, and the average quarterly price growth was -3%. TPIA experienced the highest price growth at 203%, while CTRA experienced the biggest fall at -2%.

Volume

The average weekly volume growth across all stocks in the VanEck Indonesia ETF ETF was 32%. For the same stocks of the ETF, the average monthly volume growth was -14% and the average quarterly volume growth was -38%

Fundamental Analysis Ratings

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

Valuation Rating: 68
P/E Growth Rating: 36
Price Growth Rating: 50
SMR Rating: 35
Profit Risk Rating: 49
Seasonality Score: 20 (-100 ... +100)
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IDX and

Correlation & Price change

A.I.dvisor tells us that IDX and EWY have been poorly correlated (+23% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that IDX and EWY's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To IDX
1D Price
Change %
IDX100%
+0.50%
EWY - IDX
23%
Poorly correlated
+1.49%
EWA - IDX
20%
Poorly correlated
+1.12%
BBCA - IDX
17%
Poorly correlated
+0.32%
EWC - IDX
16%
Poorly correlated
+0.35%
EWU - IDX
16%
Poorly correlated
+0.25%