MILN Global X Millennials Consumer ETF Forecast, Technical & Fundamental Analysis
MILN's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for MILN turned positive on November 02, 2023. Looking at past instances where MILN's MACD turned positive, the stock continued to rise in of 46 cases 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 MILN as a result. In of 71 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
MILN moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for MILN 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 15 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 50-day moving average for MILN moved above the 200-day moving average on December 01, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MILN advanced for three days, in of 356 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 359 cases where MILN 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 11 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 22 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
MILN broke above its upper Bollinger Band on December 04, 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 LargeGrowth
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| SHFVX | 13.26 | 0.09 | +0.68% |
| ClearBridge All Cap Value A | |||
| LCORX | 20.54 | 0.06 | +0.29% |
| Leuthold Core Investment Retail | |||
| JIVCX | 27.38 | 0.07 | +0.26% |
| JPMorgan U.S. Applied Data Sci Val C | |||
| OAKBX | 33.00 | 0.04 | +0.12% |
| Oakmark Equity And Income Investor | |||
| SLVCX | 17.99 | -0.14 | -0.77% |
| Saratoga Large Capitalization Value C | |||
MILN and
Correlation & Price change
A.I.dvisor indicates that over the last year, MILN has been closely correlated with SPYG. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if MILN jumps, then SPYG could also see price increases.
| Ticker / NAME | Correlation To MILN | 1D Price Change % | ||
|---|---|---|---|---|
| MILN | 100% | +0.89% | ||
| SPYG - MILN | 93% Closely correlated | +0.40% | ||
| VUG - MILN | 87% Closely correlated | +0.48% | ||
| IWF - MILN | 87% Closely correlated | +0.50% | ||
| SCHG - MILN | 86% Closely correlated | +0.60% | ||
| QQQ - MILN | 85% Closely correlated | +0.45% | ||
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