JHMD JHancock Multifactor Developed Intl ETF Forecast, Technical & Fundamental Analysis
JHMD in +1.03% Uptrend, rising for three consecutive days on December 01, 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 JHMD advanced for three days, in of 328 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 02, 2023. You may want to consider a long position or call options on JHMD as a result. In of 88 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 JHMD just turned positive on November 01, 2023. Looking at past instances where JHMD's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
JHMD 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 JHMD crossed bullishly above the 50-day moving average on November 14, 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 .
The Aroon Indicator entered an Uptrend today. In of 302 cases where JHMD 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 JHMD moved out of overbought territory on December 04, 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 34 similar instances where the indicator moved out of overbought territory. In of the 34 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 22 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 JHMD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
JHMD broke above its upper Bollinger Band on November 03, 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)
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
General Information
Category ForeignLargeBlend
JHMD and
Correlation & Price change
A.I.dvisor indicates that over the last year, JHMD has been closely correlated with EFA. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if JHMD jumps, then EFA could also see price increases.
| Ticker / NAME | Correlation To JHMD | 1D Price Change % | ||
|---|---|---|---|---|
| JHMD | 100% | -0.29% | ||
| EFA - JHMD | 95% Closely correlated | -0.36% | ||
| IEFA - JHMD | 95% Closely correlated | -0.30% | ||
| VEA - JHMD | 94% Closely correlated | -0.33% | ||
| VEU - JHMD | 91% Closely correlated | -0.39% | ||
| VXUS - JHMD | 91% Closely correlated | -0.32% |