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MMSC
ETF ticker: NYSE ARCA
AS OF
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Net Assets
7.79M

MMSC First Trust Multi-Manager Sm Cp Opps ETF Forecast, Technical & Fundamental Analysis

Category SmallGrowth
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for MMSC with price predictions
07:00 PM EST Nov 29, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Pure Storage (NYSE:PSTG), Five Below (NASDAQ:FIVE), CyberArk Software Ltd (NASDAQ:CYBR), Lattice Semiconductor Corp (NASDAQ:LSCC), Southwestern Energy Company (NYSE:SWN), Exelixis (NASDAQ:EXEL), Ambarella (NASDAQ:AMBA), Revolve Group (NYSE:RVLV), WW International (NASDAQ:WW).

Industry description

The investment seeks to provide long-term capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities issued by small capitalization companies. The fund's adviser considers small capitalization companies to be those companies with market capitalizations, at the time of investment, within the market capitalization range of the companies comprising the Russell 2000® Growth Index. SIMG recommends securities to First Trust with respect to its allocated portion of the fund’s assets pursuant to its foundational belief that earnings growth drives stock performance. The fund is non-diversified.

Market Cap

The average market capitalization across the First Trust Multi-Manager Sm Cp Opps ETF ETF is 4.32B. The market cap for tickers in the group ranges from 139.35M to 22.18B. ICLR holds the highest valuation in this group at 22.18B. The lowest valued company is VTYX at 139.35M.

High and low price notable news

The average weekly price growth across all stocks in the First Trust Multi-Manager Sm Cp Opps ETF ETF was 0%. For the same ETF, the average monthly price growth was 9%, and the average quarterly price growth was 2%. BMEA experienced the highest price growth at 50%, while SLRN experienced the biggest fall at -21%.

Volume

The average weekly volume growth across all stocks in the First Trust Multi-Manager Sm Cp Opps ETF ETF was -4%. For the same stocks of the ETF, the average monthly volume growth was -38% and the average quarterly volume growth was -33%

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: 57
Price Growth Rating: 52
SMR Rating: 68
Profit Risk Rating: 61
Seasonality Score: -11 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category SmallGrowth

Profile
Fundamentals
Details
Category
Small Growth
Address
First Trust Exchange-Traded Fund VIII120 East Liberty Drive, Suite 400Wheaton
Phone
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MMSC
1D Price
Change %
MMSC100%
+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%