ITB Price Prediction, iShares US Home Construction ETF AI Recommendations
ETF market charts, price targets, analyst ratings and a financial calendar
Momentum Indicator for ITB turns positive, indicating new upward trend
ITB saw its Momentum Indicator move above the 0 level on June 05, 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 91 similar instances where the indicator turned positive. In of the 91 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 ITB just turned positive on June 06, 2023. Looking at past instances where ITB's MACD turned positive, the stock continued to rise in of 49 cases 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 ITB advanced for three days, in of 311 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 323 cases where ITB 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 10-day RSI Indicator for ITB moved out of overbought territory on June 08, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 51 similar instances where the indicator moved out of overbought territory. In of the 51 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 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 ITB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ITB broke above its upper Bollinger Band on June 06, 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.
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 ConsumerDiscretionary
ITB and
Correlation & Price change
A.I.dvisor indicates that over the last year, ITB has been closely correlated with XHB. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if ITB jumps, then XHB could also see price increases.
| Ticker / NAME | Correlation To ITB | 1D Price Change % | ||
|---|---|---|---|---|
| ITB | 100% | +0.04% | ||
| XHB - ITB | 97% Closely correlated | -0.43% | ||
| PSCD - ITB | 86% Closely correlated | -1.03% | ||
| FXD - ITB | 84% Closely correlated | -0.13% | ||
| IYC - ITB | 80% Closely correlated | +0.28% | ||
| FDIS - ITB | 79% Closely correlated | +0.26% | ||
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