INNO Harbor Disruptive Innovation ETF Forecast, Technical & Fundamental Analysis
INNO in upward trend: 10-day moving average moved above 50-day moving average on November 14, 2023
The 10-day moving average for INNO crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 6 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 .
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 INNO as a result. In of 29 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 INNO just turned positive on November 02, 2023. Looking at past instances where INNO's MACD turned positive, the stock continued to rise in of 18 cases over the following month. The odds of a continued upward trend are .
INNO moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where INNO advanced for three days, in of 110 cases, the price rose further within the following month. The odds of a continued upward trend are .
INNO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 72 cases where INNO 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 9 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 16 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 INNO 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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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 LargeGrowth
INNO and
Correlation & Price change
A.I.dvisor indicates that over the last year, INNO has been closely correlated with VXF. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if INNO jumps, then VXF could also see price increases.
| Ticker / NAME | Correlation To INNO | 1D Price Change % | ||
|---|---|---|---|---|
| INNO | 100% | +0.25% | ||
| VXF - INNO | 96% Closely correlated | -0.14% | ||
| VOT - INNO | 15% Poorly correlated | -0.14% | ||
| IWP - INNO | 15% Poorly correlated | -0.24% | ||
| ARKK - INNO | 14% Poorly correlated | +2.75% | ||
| IJK - INNO | 14% Poorly correlated | -0.84% | ||
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