MINV Matthews Asia Innovators Active ETF Forecast, Technical & Fundamental Analysis
MINV in -0.90% downward trend, falling for three consecutive days on November 27, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where MINV declined for three days, in of 93 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 14 cases where MINV's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
MINV 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 01, 2023. You may want to consider a long position or call options on MINV as a result. In of 22 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 MINV just turned positive on November 02, 2023. Looking at past instances where MINV's MACD turned positive, the stock continued to rise in of 8 cases over the following month. The odds of a continued upward trend are .
MINV 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 MINV 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 2 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MINV advanced for three days, in of 68 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 19 cases where MINV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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 DiversifiedPacificAsia
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| JACJX | 13.80 | 0.21 | +1.55% |
| JHancock Mid Cap Growth A | |||
| IGHAX | 10.77 | 0.10 | +0.94% |
| Voya Global High Dividend Low Vol Port A | |||
| TRXIX | 11.52 | 0.05 | +0.44% |
| Catalyst/MAP Global Balanced I | |||
| TILGX | 22.59 | 0.09 | +0.40% |
| TIAA-CREF Large-Cap Growth Inst | |||
| ECFGX | 17.92 | 0.05 | +0.28% |
| Eaton Vance Focused Growth Opps C | |||
MINV and
Correlation & Price change
A.I.dvisor indicates that over the last year, MINV has been closely correlated with KDIV. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if MINV jumps, then KDIV could also see price increases.
| Ticker / NAME | Correlation To MINV | 1D Price Change % | ||
|---|---|---|---|---|
| MINV | 100% | -0.19% | ||
| KDIV - MINV | 72% Closely correlated | +1.21% | ||
| IPAC - MINV | 17% Poorly correlated | +1.22% | ||
| VPL - MINV | 16% Poorly correlated | +1.05% |