JHML JHancock Multifactor Large Cap ETF Forecast, Technical & Fundamental Analysis
JHML in upward trend: 10-day moving average broke above 50-day moving average on November 14, 2023
The 10-day moving average for JHML 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 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 .
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 JHML as a result. In of 62 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 JHML just turned positive on November 02, 2023. Looking at past instances where JHML's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
JHML 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JHML advanced for three days, in of 355 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 418 cases where JHML 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 RSI Indicator demonstrates 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.
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 JHML 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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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 LargeBlend
JHML and
Correlation & Price change
A.I.dvisor indicates that over the last year, JHML has been closely correlated with VTI. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if JHML jumps, then VTI could also see price increases.
| Ticker / NAME | Correlation To JHML | 1D Price Change % | ||
|---|---|---|---|---|
| JHML | 100% | -0.07% | ||
| VTI - JHML | 94% Closely correlated | +0.06% | ||
| IVV - JHML | 94% Closely correlated | +0.09% | ||
| SPY - JHML | 94% Closely correlated | +0.10% | ||
| VOO - JHML | 94% Closely correlated | +0.10% | ||
| VIG - JHML | 92% Closely correlated | -0.08% |