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MTUM
ETF ticker: BATS
AS OF
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Net Assets
8.14B

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

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

MTUM in upward trend: price expected to rise as it breaks its lower Bollinger Band on October 26, 2023

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 Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on MTUM as a result. In of 86 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 November 02, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MTUM 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 16 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 MTUM advanced for three days, in of 356 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 378 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 28, 2023. 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 44 similar instances where the indicator moved out of overbought territory. In of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 68 cases where MTUM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for MTUM turned negative on November 30, 2023. 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 52 similar instances when the indicator turned negative. In of the 52 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 .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Eli Lilly & Co (NYSE:LLY), Broadcom (NASDAQ:AVGO), Exxon Mobil Corp (NYSE:XOM), Oracle Corp (NYSE:ORCL), Merck & Co (NYSE:MRK), PepsiCo (NASDAQ:PEP), Netflix (NASDAQ:NFLX).

Industry description

The investment seeks to track the investment results of the MSCI USA Momentum SR Variant Index. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index consists of stocks exhibiting relatively higher momentum characteristics than the traditional market capitalization-weighted parent index, the MSCI USA Index.

Market Cap

The average market capitalization across the iShares MSCI USA Momentum Factor ETF ETF is 110.93B. The market cap for tickers in the group ranges from 6.67B to 2.84T. MSFT holds the highest valuation in this group at 2.84T. The lowest valued company is XRAY at 6.67B.

High and low price notable news

The average weekly price growth across all stocks in the iShares MSCI USA Momentum Factor ETF ETF was 37%. For the same ETF, the average monthly price growth was 104%, and the average quarterly price growth was 128%. DKS experienced the highest price growth at 7%, while LVS experienced the biggest fall at -6%.

Volume

The average weekly volume growth across all stocks in the iShares MSCI USA Momentum Factor ETF ETF was 62%. For the same stocks of the ETF, the average monthly volume growth was 25% and the average quarterly volume growth was 20%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 63
P/E Growth Rating: 53
Price Growth Rating: 43
SMR Rating: 51
Profit Risk Rating: 43
Seasonality Score: 8 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeGrowth

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

Correlation & Price change

A.I.dvisor indicates that over the last year, MTUM has been closely correlated with SPYG. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if MTUM jumps, then SPYG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MTUM
1D Price
Change %
MTUM100%
-0.09%
SPYG - MTUM
88%
Closely correlated
+0.18%
IVW - MTUM
77%
Closely correlated
+0.14%
IWF - MTUM
70%
Closely correlated
+0.04%
SCHG - MTUM
67%
Closely correlated
-0.03%
VUG - MTUM
66%
Closely correlated
-0.06%
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