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KARS
ETF ticker: NYSE ARCA
AS OF
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Net Assets
140.32M

KARS KraneShares Eltc Vhl and Ft Mbly ETF Forecast, Technical & Fundamental Analysis

Category Industrials
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for KARS with price predictions
07:00 PM EST Dec 03, 2023

KARS's Indicator enters downward trend

The Aroon Indicator for KARS entered a downward trend on November 10, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 157 similar instances where the Aroon Indicator formed such a pattern. In of the 157 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 29, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on KARS as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 KARS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where KARS's RSI Oscillator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated 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 Moving Average Convergence Divergence (MACD) for KARS just turned positive on November 03, 2023. Looking at past instances where KARS's MACD turned positive, the stock continued to rise in of 47 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 KARS advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), NIO Inc. (NYSE:NIO), SolarEdge Technologies (NASDAQ:SEDG), Livent Corp (NYSE:LTHM), Plug Power (NASDAQ:PLUG).

Industry description

The investment seeks to provide investment results that correspond to the price and yield performance of the Bloomberg Electric Vehicles Index. The fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in instruments in its underlying index or in instruments that have economic characteristics similar to those in the underlying index. The index is designed to track the equity market performance of companies engaged in the production of electric vehicles or their components or in other initiatives that may change the future of mobility, as determined by index provider.

Market Cap

The average market capitalization across the KraneShares Eltc Vhl and Ft Mbly ETF ETF is 104.07B. The market cap for tickers in the group ranges from 207.62M to 784.3B. TSLA holds the highest valuation in this group at 784.3B. The lowest valued company is MG at 207.62M.

High and low price notable news

The average weekly price growth across all stocks in the KraneShares Eltc Vhl and Ft Mbly ETF ETF was -1%. For the same ETF, the average monthly price growth was -3%, and the average quarterly price growth was -19%. PLUG experienced the highest price growth at 40%, while FSR experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the KraneShares Eltc Vhl and Ft Mbly ETF ETF was -44%. For the same stocks of the ETF, the average monthly volume growth was -54% and the average quarterly volume growth was -64%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 60
P/E Growth Rating: 62
Price Growth Rating: 56
SMR Rating: 73
Profit Risk Rating: 76
Seasonality Score: 32 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Industrials

Profile
Fundamentals
Details
Category
Industrials
Address
152 West 57th Street, 16th Floor New York, New York 10019KRANESHARES TRUSTNew York
Phone
1-855-857-2638
Web
http://www.kraneshares.com
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KARS and

Correlation & Price change

A.I.dvisor indicates that over the last year, KARS has been closely correlated with IYJ. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if KARS jumps, then IYJ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To KARS
1D Price
Change %
KARS100%
-1.50%
IYJ - KARS
75%
Closely correlated
-0.02%
FXR - KARS
65%
Loosely correlated
+0.42%
VIS - KARS
61%
Loosely correlated
+0.40%
XLI - KARS
58%
Loosely correlated
+0.17%
XAR - KARS
51%
Loosely correlated
+0.36%
More