IGTR Innovator Gradient Tactical Rot Str ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for IGTR turns positive, indicating new upward trend
IGTR saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 11 similar instances where the indicator turned positive. In of the 11 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for IGTR just turned positive on November 01, 2023. Looking at past instances where IGTR's MACD turned positive, the stock continued to rise in of 8 cases over the following month. The odds of a continued upward trend are .
IGTR moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for IGTR crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 2 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 IGTR advanced for three days, in of 48 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 40 cases where IGTR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 20 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IGTR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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 Unknown
IGTR and
Correlation & Price change
A.I.dvisor indicates that over the last year, IGTR has been closely correlated with URTH. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if IGTR jumps, then URTH could also see price increases.
| Ticker / NAME | Correlation To IGTR | 1D Price Change % | ||
|---|---|---|---|---|
| IGTR | 100% | +0.51% | ||
| URTH - IGTR | 76% Closely correlated | +0.77% | ||
| ACWI - IGTR | 76% Closely correlated | +0.74% | ||
| VT - IGTR | 76% Closely correlated | +0.86% | ||
| IOO - IGTR | 71% Closely correlated | +0.32% | ||
| ACWV - IGTR | 58% Loosely correlated | +0.49% |