MMLG First Trust Multi-Manager Large Gr ETF Forecast, Technical & Fundamental Analysis
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 .
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)
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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
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.
| Ticker / NAME | Correlation To MMLG | 1D Price Change % | ||
|---|---|---|---|---|
| MMLG | 100% | -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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