MMSC First Trust Multi-Manager Sm Cp Opps ETF Forecast, Technical & Fundamental Analysis
MMSC in upward trend: price rose above 50-day moving average on November 14, 2023
MMSC moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend. In of 17 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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MMSC's RSI Oscillator exited the oversold zone, of 12 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on November 03, 2023. You may want to consider a long position or call options on MMSC as a result. In of 37 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 MMSC just turned positive on November 02, 2023. Looking at past instances where MMSC's MACD turned positive, the stock continued to rise in of 20 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for MMSC crossed bullishly above the 50-day moving average on November 20, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 7 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 MMSC advanced for three days, in of 130 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 78 cases where MMSC 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 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 MMSC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MMSC broke above its upper Bollinger Band on November 14, 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)
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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 SmallGrowth
MMSC and
Correlation & Price change
A.I.dvisor indicates that over the last year, MMSC has been closely correlated with IWO. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if MMSC jumps, then IWO could also see price increases.
| Ticker / NAME | Correlation To MMSC | 1D Price Change % | ||
|---|---|---|---|---|
| MMSC | 100% | +0.30% | ||
| IWO - MMSC | 97% Closely correlated | +0.36% | ||
| VBK - MMSC | 97% Closely correlated | +0.46% | ||
| VTWG - MMSC | 97% Closely correlated | +0.30% | ||
| SLYG - MMSC | 91% Closely correlated | +0.44% | ||
| IJT - MMSC | 91% Closely correlated | +0.39% |