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ITB
ETF ticker: BATS
AS OF
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Price
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Net Assets
2.16B

ITB iShares US Home Construction ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ITB with price predictions
08:00 PM EDT Sep 19, 2023

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 .

Price Prediction Chart

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)

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 25.14B. The market cap for tickers in the group ranges from 96.17M to 310.88B. HD holds the highest valuation in this group at 310.88B. The lowest valued company is LL at 96.17M.

High and low price notable news

The average weekly price growth across all stocks in the iShares US Home Construction ETF ETF was 3%. For the same ETF, the average monthly price growth was 7%, and the average quarterly price growth was 71%. MBC experienced the highest price growth at 4%, while LGIH experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the iShares US Home Construction ETF ETF was -7%. For the same stocks of the ETF, the average monthly volume growth was -4% and the average quarterly volume growth was -12%

Fundamental Analysis Ratings

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

Valuation Rating: 57
P/E Growth Rating: 29
Price Growth Rating: 44
SMR Rating: 41
Profit Risk Rating: 36
Seasonality Score: -35 (-100 ... +100)
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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%
-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%
More