MMLG First Trust Multi-Manager Large Gr ETF Forecast, Technical & Fundamental Analysis

MMLG's Indicator enters downward trend

The Aroon Indicator for MMLG entered a downward trend on January 21, 2025. 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 129 similar instances where the Aroon Indicator formed such a pattern. In of the 129 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 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 MMLG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MMLG broke above its upper Bollinger Band on January 22, 2025. 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 January 15, 2025. You may want to consider a long position or call options on MMLG as a result. In of 70 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 MMLG just turned positive on January 21, 2025. Looking at past instances where MMLG's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .

MMLG moved above its 50-day moving average on January 17, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MMLG crossed bullishly above the 50-day moving average on January 23, 2025. 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MMLG advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .