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IWO
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
9.56B

IWO iShares Russell 2000 Growth ETF Forecast, Technical & Fundamental Analysis

Category SmallGrowth
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for IWO with price predictions
07:00 PM EST Nov 27, 2023

IWO's RSI Oscillator ascends from oversold territory

The RSI Oscillator for IWO moved out of oversold territory on October 31, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 21 similar instances when the indicator left oversold territory. In of the 21 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

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 IWO as a result. In of 83 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 IWO just turned positive on November 02, 2023. Looking at past instances where IWO's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

IWO moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for IWO crossed bullishly above the 50-day moving average on November 21, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IWO advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 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 IWO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

IWO 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.

The Aroon Indicator for IWO entered a downward trend on November 08, 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Intra-Cellular Therapies (NASDAQ:ITCI), Valaris Limited (NYSE:VAL), StoneCo Ltd (NASDAQ:STNE), Synaptics (NASDAQ:SYNA), Abercrombie & Fitch Co (NYSE:ANF), Arrowhead Pharmaceuticals (NASDAQ:ARWR), Hecla Mining Company (NYSE:HL), Bloom Energy Corp (NYSE:BE), Guardant Health (NASDAQ:GH), Tanger (NYSE:SKT).

Industry description

The investment seeks to track the investment results of the Russell 2000 Growth Index, which measures the performance of the small-capitalization growth sector of the U.S. equity market. The fund generally invests 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 (i.e., depositary receipts representing securities of the underlying index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

Market Cap

The average market capitalization across the iShares Russell 2000 Growth ETF ETF is 1.51B. The market cap for tickers in the group ranges from 18.47M to 15.48B. SMCI holds the highest valuation in this group at 15.48B. The lowest valued company is AMRS at 18.47M.

High and low price notable news

The average weekly price growth across all stocks in the iShares Russell 2000 Growth ETF ETF was 1%. For the same ETF, the average monthly price growth was 10%, and the average quarterly price growth was -1%. SCLX experienced the highest price growth at 42%, while CRGE experienced the biggest fall at -33%.

Volume

The average weekly volume growth across all stocks in the iShares Russell 2000 Growth ETF ETF was -44%. For the same stocks of the ETF, the average monthly volume growth was -38% and the average quarterly volume growth was -43%

Fundamental Analysis Ratings

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

Valuation Rating: 58
P/E Growth Rating: 64
Price Growth Rating: 56
SMR Rating: 76
Profit Risk Rating: 80
Seasonality Score: -10 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category SmallGrowth

Profile
Fundamentals
Details
Category
Small Growth
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
Web
www.ishares.com
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IWO and

Correlation & Price change

A.I.dvisor indicates that over the last year, IWO has been closely correlated with VTWG. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if IWO jumps, then VTWG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To IWO
1D Price
Change %
IWO100%
-0.60%
VTWG - IWO
100%
Closely correlated
-0.58%
VBK - IWO
98%
Closely correlated
-0.31%
FYC - IWO
98%
Closely correlated
-0.70%
MMSC - IWO
97%
Closely correlated
-1.02%
SLYG - IWO
96%
Closely correlated
-0.75%
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