IGM in downward trend: 10-day moving average crossed below 50-day moving average on September 20, 2023
The 10-day moving average for IGM crossed bearishly below the 50-day moving average on September 20, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 .
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 IGM 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 IGM turned negative on September 13, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
IGM moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IGM 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 IGM entered a downward trend on August 29, 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 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 IGM advanced for three days, in of 367 cases, the price rose further within the following month. The odds of a continued upward trend are .
IGM 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 Technology
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| IRVH | 20.76 | -0.12 | -0.55% |
| Global X Interest Rate Volatility & Inflation Hedge ETF | |||
| ERC | 9.30 | -0.06 | -0.64% |
| Allspring Multi-Sector Income Fund | |||
| PBP | 21.46 | -0.29 | -1.35% |
| Invesco S&P 500 BuyWrite ETF | |||
| OPPX | 22.85 | -0.34 | -1.48% |
| Corbett Road Tactical Opportunity ETF | |||
| PID | 17.27 | -0.36 | -2.04% |
| Invesco International Div Achiev ETF | |||
IGM and
Correlation & Price change
A.I.dvisor indicates that over the last year, IGM has been closely correlated with IYW. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if IGM jumps, then IYW could also see price increases.