IXP iShares Global Comm Services ETF Forecast, Technical & Fundamental Analysis
IXP in upward trend: price may jump up because it broke its lower Bollinger Band on October 25, 2023
IXP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 32 cases where IXP's price broke its lower Bollinger Band, its price rose further in 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 IXP as a result. In of 86 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 IXP just turned positive on November 03, 2023. Looking at past instances where IXP's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .
IXP moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for IXP crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 IXP advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 382 cases where IXP 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 IXP moved out of overbought territory on November 27, 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 35 similar instances where the indicator moved out of overbought territory. In of the 35 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 16 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 IXP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
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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 Communications
IXP and
Correlation & Price change
A.I.dvisor indicates that over the last year, IXP has been closely correlated with XLC. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if IXP jumps, then XLC could also see price increases.
| Ticker / NAME | Correlation To IXP | 1D Price Change % | ||
|---|---|---|---|---|
| IXP | 100% | +0.19% | ||
| XLC - IXP | 92% Closely correlated | +0.24% | ||
| FCOM - IXP | 92% Closely correlated | +0.12% | ||
| VOX - IXP | 92% Closely correlated | +0.24% | ||
| MRAD - IXP | 87% Closely correlated | +0.26% | ||
| OND - IXP | 83% Closely correlated | -0.37% | ||
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