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MTUM
ETF ticker: BATS
AS OF
Dec 24 closing price
Price
$212.63
Change
+$2.70 (+1.29%)
Net Assets
13.41B

MTUM iShares MSCI USA Momentum Factor ETF Forecast, Technical & Fundamental Analysis

Category LargeBlend
MTUM
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for MTUM with price predictions
Dec 24, 2024

MTUM in upward trend: price expected to rise as it breaks its lower Bollinger Band on December 18, 2024

MTUM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 47 cases where MTUM's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where MTUM's Stochastic Oscillator exited the oversold zone 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 December 24, 2024. You may want to consider a long position or call options on MTUM as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

MTUM moved above its 50-day moving average on December 23, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MTUM advanced for three days, in of 354 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 346 cases where MTUM 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 10-day RSI Indicator for MTUM moved out of overbought territory on November 27, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for MTUM turned negative on December 09, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MTUM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

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MTUM
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category LargeBlend

Profile
Fundamentals
Details
Category
Large Blend
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
Web
www.ishares.com
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MTUM and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, MTUM has been closely correlated with IVW. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if MTUM jumps, then IVW could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MTUM
1D Price
Change %
MTUM100%
+1.29%
IVW - MTUM
95%
Closely correlated
+1.31%
QQQ - MTUM
94%
Closely correlated
+1.36%
SCHG - MTUM
94%
Closely correlated
+1.30%
IWF - MTUM
93%
Closely correlated
+1.29%
VONG - MTUM
93%
Closely correlated
+1.27%
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