KARS KraneShares Eltc Vhl and Ft Mbly ETF Forecast, Technical & Fundamental Analysis
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 .
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)
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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 Industrials
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.
| Ticker / NAME | Correlation To KARS | 1D Price Change % | ||
|---|---|---|---|---|
| KARS | 100% | -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% | ||
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