ITB iShares US Home Construction ETF Forecast, Technical & Fundamental Analysis
ITB sees MACD Histogram crosses below signal line
ITB saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 12, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 48 instances where the indicator turned negative. In of the 48 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ITB as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
ITB moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ITB crossed bearishly below the 50-day moving average on August 23, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 .
The Aroon Indicator for ITB entered a downward trend on September 20, 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.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ITB's RSI Oscillator exited the oversold zone, of 16 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ITB advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .
ITB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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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% | -2.90% | ||
| XHB - ITB | 97% Closely correlated | -2.45% | ||
| PSCD - ITB | 84% Closely correlated | -1.56% | ||
| FXD - ITB | 81% Closely correlated | -2.11% | ||
| PEZ - ITB | 77% Closely correlated | -2.85% | ||
| FDIS - ITB | 75% Closely correlated | -2.72% | ||
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