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IGM
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
3.15B

IGM iShares Expanded Tech Sector ETF Forecast, Technical & Fundamental Analysis

Category Technology
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for IGM with price predictions
08:00 PM EDT Sep 19, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Broadcom (NASDAQ:AVGO), Oracle Corp (NYSE:ORCL), Adobe (NASDAQ:ADBE), Cisco Systems (NASDAQ:CSCO), Salesforce (NYSE:CRM).

Industry description

The investment seeks to track the investment results of an index composed of North American equities in the technology sector and select North American equities from communication services and consumer discretionary sectors. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. A significant portion of the underlying index is represented by securities of companies in the technology industry or sector. It is non-diversified.

Market Cap

The average market capitalization across the iShares Expanded Tech Sector ETF ETF is 81.88B. The market cap for tickers in the group ranges from 197.1M to 2.74T. AAPL holds the highest valuation in this group at 2.74T. The lowest valued company is CMBM at 197.1M.

High and low price notable news

The average weekly price growth across all stocks in the iShares Expanded Tech Sector ETF ETF was -5%. For the same ETF, the average monthly price growth was -2%, and the average quarterly price growth was 16%. SPLK experienced the highest price growth at 18%, while IONQ experienced the biggest fall at -25%.

Volume

The average weekly volume growth across all stocks in the iShares Expanded Tech Sector ETF ETF was -4%. For the same stocks of the ETF, the average monthly volume growth was -0% and the average quarterly volume growth was -14%

Fundamental Analysis Ratings

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

Valuation Rating: 62
P/E Growth Rating: 60
Price Growth Rating: 51
SMR Rating: 68
Profit Risk Rating: 68
Seasonality Score: -36 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Technology

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

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To IGM
1D Price
Change %
IGM100%
-2.05%
IYW - IGM
99%
Closely correlated
-1.71%
VGT - IGM
98%
Closely correlated
-1.66%
XLK - IGM
97%
Closely correlated
-1.52%
SOXX - IGM
90%
Closely correlated
-1.85%
SMH - IGM
90%
Closely correlated
-2.00%