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MMLG
ETF ticker: NYSE ARCA
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Net Assets
51.32M

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

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

MMLG in upward trend: price rose above 50-day moving average on November 03, 2023

MMLG 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. In of 24 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

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 MMLG as a result. In of 52 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 November 02, 2023. Looking at past instances where MMLG's MACD turned positive, the stock continued to rise in of 26 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for MMLG crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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 216 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 203 cases where MMLG 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 15 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 21 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 .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA), Eli Lilly & Co (NYSE:LLY), VISA (NYSE:V).

Industry description

The investment seeks to provide long-term capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities issued by large capitalization companies. Its portfolio will be principally composed of common stocks issued by companies domiciled in the United States, common stocks issued by non-U.S. companies that are principally traded in the United States and ADR. The fund utilizes a multi-manager approach to provide exposure to the large capitalization growth segment of the equity market through the blending of multiple portfolio management teams. It is non-diversified.

Market Cap

The average market capitalization across the First Trust Multi-Manager Large Gr ETF ETF is 225.89B. The market cap for tickers in the group ranges from 3.17B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is RARE at 3.17B.

High and low price notable news

The average weekly price growth across all stocks in the First Trust Multi-Manager Large Gr ETF ETF was 0%. For the same ETF, the average monthly price growth was 8%, and the average quarterly price growth was 11%. WDAY experienced the highest price growth at 14%, while JBL experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the First Trust Multi-Manager Large Gr ETF ETF was 19%. For the same stocks of the ETF, the average monthly volume growth was -14% and the average quarterly volume growth was -23%

Fundamental Analysis Ratings

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

Valuation Rating: 69
P/E Growth Rating: 52
Price Growth Rating: 38
SMR Rating: 55
Profit Risk Rating: 49
Seasonality Score: 8 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeGrowth

Profile
Fundamentals
Details
Category
Large Growth
Address
First Trust Exchange-Traded Fund VIII120 East Liberty Drive, Suite 400Wheaton
Phone
N/A
Web
N/A
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MMLG and

Correlation & Price change

A.I.dvisor indicates that over the last year, MMLG has been closely correlated with SPYG. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if MMLG jumps, then SPYG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MMLG
1D Price
Change %
MMLG100%
-0.70%
SPYG - MMLG
90%
Closely correlated
-0.71%
IWF - MMLG
16%
Poorly correlated
-0.85%
QQQ - MMLG
15%
Poorly correlated
-0.93%
VUG - MMLG
15%
Poorly correlated
-0.93%
SCHG - MMLG
14%
Poorly correlated
-0.96%
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