IWP iShares Russell Mid-Cap Growth ETF Forecast, Technical & Fundamental Analysis
IWP's RSI Oscillator recovers from oversold territory
The RSI Oscillator for IWP moved out of oversold territory on May 13, 2022. 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 30 similar instances when the indicator left oversold territory. In 28 of the 30 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 49 cases where IWP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on IWP as a result. In of 77 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 IWP just turned positive on May 23, 2022. Looking at past instances where IWP'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 IWP advanced for three days, in of 379 cases, the price rose further within the following month. The odds of a continued upward trend are .
IWP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IWP 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 IWP entered a downward trend on May 23, 2022. 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)
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General Information
Category MidCapGrowth
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IWP and
Correlation & Price change
A.I.dvisor indicates that over the last year, IWP has been closely correlated with VOT. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if IWP jumps, then VOT could also see price increases.
| Ticker / NAME | Correlation To IWP | 1D Price Change % |
|---|---|---|
| IWP | 100% | +3.00% |
| VOT - IWP | 99% Closely correlated | +2.69% |
| IMCG - IWP | 99% Closely correlated | +2.72% |
| QQQJ - IWP | 98% Closely correlated | +3.18% |
| QQQN - IWP | 96% Closely correlated | +2.40% |
| VXF - IWP | 96% Closely correlated | +2.58% |
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