IJK iShares S&P Mid-Cap 400 Growth ETF Forecast, Technical & Fundamental Analysis
IJK's RSI Indicator ascending out of oversold territory
The RSI Oscillator for IJK moved out of oversold territory on October 30, 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 25 similar instances when the indicator left oversold territory. In of the 25 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on IJK as a result. In of 87 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 IJK just turned positive on November 02, 2023. Looking at past instances where IJK's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
IJK moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for IJK crossed bullishly above the 50-day moving average on November 17, 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 IJK advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for IJK moved below the 200-day moving average on November 02, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IJK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
IJK broke above its upper Bollinger Band on November 14, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for IJK entered a downward trend on October 25, 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)
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 MidCapGrowth
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| CHB | 8.55 | 0.16 | +1.97% |
| Global X China Biotech Innovation ETF | |||
| TAXF | 49.25 | 0.08 | +0.15% |
| American Century Divers Muncpl Bd ETF | |||
| UJAN | 34.04 | 0.02 | +0.06% |
| Innovator US Equity Ultra Buff ETF™ Jan | |||
| MFV | 4.00 | N/A | N/A |
| MFS Special Value Trust | |||
| KNG | 49.54 | -0.04 | -0.08% |
| FT Cboe Vest S&P 500® Dv Ast Tgt Inc ETF | |||
IJK and
Correlation & Price change
A.I.dvisor indicates that over the last year, IJK has been closely correlated with MDYG. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if IJK jumps, then MDYG could also see price increases.
| Ticker / NAME | Correlation To IJK | 1D Price Change % | ||
|---|---|---|---|---|
| IJK | 100% | -0.84% | ||
| MDYG - IJK | 100% Closely correlated | -0.91% | ||
| VXF - IJK | 98% Closely correlated | -0.14% | ||
| FNY - IJK | 97% Closely correlated | -0.64% | ||
| FAD - IJK | 96% Closely correlated | -0.59% | ||
| JSMD - IJK | 94% Closely correlated | -0.69% | ||
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