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MORT Price Prediction, VanEck Mortgage REIT Income ETF AI Recommendations
ETF market charts, price targets, analyst ratings and a financial calendar
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MORT in -4.74% downward trend, sliding for three consecutive days on March 13, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where MORT declined for three days, in 207 of 265 cases, the price declined further within the following month. The odds of a continued downward trend are 78%.
Technical Analysis (Indicators)
Bearish Trend Analysis
MORT moved below its 50-day moving average on February 24, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for MORT crossed bearishly below the 50-day moving average on March 01, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The Aroon Indicator for MORT entered a downward trend on March 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where MORT's RSI Indicator exited the oversold zone, of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 50-day moving average for MORT moved above the 200-day moving average on March 03, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MORT advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .
MORT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call 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 RealEstate
MORT and
Correlation & Price change
A.I.dvisor indicates that over the last year, MORT has been closely correlated with IYR. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if MORT jumps, then IYR could also see price increases.
| Ticker / NAME | Correlation To MORT | 1D Price Change % |
|---|---|---|
| MORT | 100% | +2.55% |
| IYR - MORT | 77% Closely correlated | -0.57% |
| VNQ - MORT | 76% Closely correlated | -0.44% |
| REET - MORT | 76% Closely correlated | -0.40% |
| SCHH - MORT | 76% Closely correlated | -0.47% |
| XLRE - MORT | 74% Closely correlated | -0.58% |
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