IYW Price Prediction, iShares US Technology ETF AI Recommendations
| AI Robots Name | P/L |
|---|
IYW sees MACD Histogram crosses below signal line
IYW saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on August 19, 2022. 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 41 of the 48 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 85%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on August 19, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on IYW as a result. In of 71 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
IYW moved below its 50-day moving average on August 29, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for IYW crossed bearishly below the 50-day moving average on September 02, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 IYW 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 IYW entered a downward trend on September 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.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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 IYW advanced for three days, in of 375 cases, the price rose further within the following month. The odds of a continued upward trend are .
IYW 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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
| Technical Analysis | # Of Indicators | Avg. Odds |
|---|---|---|
General Information
Category Technology
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| PZA | 22.41 | -0.04 | -0.18% |
| Invesco National AMT-Free Muni Bd ETF | |||
| NAN | 10.52 | -0.17 | -1.59% |
| Nuveen New York Quality Municipal Income Fund | |||
| IWFH | 12.35 | -0.36 | -2.81% |
| iShares Virtual Work and Life Mltsct ETF | |||
| WLDR | 20.93 | -0.61 | -2.85% |
| Affinity World Leaders Equity ETF | |||
| WWJD | 22.54 | -0.81 | -3.48% |
| Inspire International ETF | |||
IYW and
Correlation & Price change
A.I.dvisor indicates that over the last year, IYW has been closely correlated with FTEC. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if IYW jumps, then FTEC could also see price increases.
| Ticker / NAME | Correlation To IYW | 1D Price Change % |
|---|---|---|
| IYW | 100% | -1.33% |
| FTEC - IYW | 99% Closely correlated | -1.33% |
| VGT - IYW | 99% Closely correlated | -1.42% |
| IGM - IYW | 99% Closely correlated | -1.48% |
| XLK - IYW | 99% Closely correlated | -1.31% |
| XPND - IYW | 99% Closely correlated | -1.76% |
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