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ITB
ETF ticker:
BATS
AS OF
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Net Assets
2.04B

ITB Price Prediction, iShares US Home Construction ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

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A.I.Advisor
a Summary for ITB with price predictions
08:00 PM EDT Jun 08, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Home Depot (NYSE:HD), Lowe's Companies (NYSE:LOW), DR Horton (NYSE:DHI), Lennar Corp (NYSE:LEN), Pultegroup (NYSE:PHM), Owens Corning (NYSE:OC), KB Home (NYSE:KBH).

Industry description

The investment seeks to track the investment results of the Dow Jones U.S. Select Home Construction Index composed of U.S. equities in the home construction sector. The index measures the performance of the home construction sector of the U.S. equity market, as defined by the index provider. 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. It is non-diversified.

Market Cap

The average market capitalization across the iShares US Home Construction ETF ETF is 24.26B. The market cap for tickers in the group ranges from 138.45M to 298.95B. HD holds the highest valuation in this group at 298.95B. The lowest valued company is LL at 138.45M.

High and low price notable news

The average weekly price growth across all stocks in the iShares US Home Construction ETF ETF was 2%. For the same ETF, the average monthly price growth was 4%, and the average quarterly price growth was 31%. BECN experienced the highest price growth at 9%, while HAYW experienced the biggest fall at -3%.

Volume

The average weekly volume growth across all stocks in the iShares US Home Construction ETF ETF was -23%. For the same stocks of the ETF, the average monthly volume growth was -8% and the average quarterly volume growth was 3%

Fundamental Analysis Ratings

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

Valuation Rating: 55
P/E Growth Rating: 43
Price Growth Rating: 38
SMR Rating: 39
Profit Risk Rating: 36
Seasonality Score: 31 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category ConsumerDiscretionary

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

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ITB
1D Price
Change %
ITB100%
+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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