IVES Wedbush ETFMG Global Cloud Tech ETF Forecast, Technical & Fundamental Analysis
IVES in +2.41% Uptrend, rising for three consecutive days on November 20, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where IVES advanced for three days, in of 348 cases, the price rose further within 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 03, 2023. You may want to consider a long position or call options on IVES as a result. In of 74 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 IVES just turned positive on November 03, 2023. Looking at past instances where IVES's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
IVES 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.
The 10-day moving average for IVES crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 .
The Aroon Indicator entered an Uptrend today. In of 295 cases where IVES 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 IVES moved out of overbought territory on November 21, 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 37 similar instances where the indicator moved out of overbought territory. In of the 37 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 14 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 IVES declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
IVES broke above its upper Bollinger Band on November 14, 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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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Technology
IVES and
Correlation & Price change
A.I.dvisor tells us that IVES and IYW have been poorly correlated (+5% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that IVES and IYW's prices will move in lockstep.
| Ticker / NAME | Correlation To IVES | 1D Price Change % | ||
|---|---|---|---|---|
| IVES | 100% | +0.24% | ||
| IYW - IVES | 5% Poorly correlated | -0.09% | ||
| VGT - IVES | 4% Poorly correlated | -0.05% | ||
| XLK - IVES | 3% Poorly correlated | -0.01% | ||
| SMH - IVES | 2% Poorly correlated | -0.06% | ||
| SOXX - IVES | 2% Poorly correlated | -0.14% |