IFGL iShares International Dev Real Est ETF Forecast, Technical & Fundamental Analysis
IFGL sees MACD Histogram just turned negative
IFGL saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 21, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 cases the stock moved lower in the days that followed. 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 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on IFGL as a result. In of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 IFGL 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 IFGL entered a downward trend on August 30, 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.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where IFGL's RSI Indicator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IFGL advanced for three days, in of 319 cases, the price rose further within the following month. The odds of a continued upward trend are .
IFGL 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)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category GlobalRealEstate
IFGL and
Correlation & Price change
A.I.dvisor indicates that over the last year, IFGL has been closely correlated with RWX. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if IFGL jumps, then RWX could also see price increases.
| Ticker / NAME | Correlation To IFGL | 1D Price Change % | ||
|---|---|---|---|---|
| IFGL | 100% | -1.52% | ||
| RWX - IFGL | 97% Closely correlated | -1.30% | ||
| HAUZ - IFGL | 94% Closely correlated | -1.49% | ||
| VNQI - IFGL | 93% Closely correlated | -1.50% | ||
| RWO - IFGL | 82% Closely correlated | -2.92% | ||
| REET - IFGL | 81% Closely correlated | -2.84% | ||
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