MXF Price Prediction, Mexico Fund AI Recommendations
ETF market charts, price targets, analyst ratings and a financial calendar
Momentum Indicator for MXF turns positive, indicating new upward trend
MXF saw its Momentum Indicator move above the 0 level on June 05, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 74 similar instances where the indicator turned positive. In of the 74 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for MXF just turned positive on June 05, 2023. Looking at past instances where MXF's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
MXF moved above its 50-day moving average on June 05, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for MXF crossed bullishly above the 50-day moving average on June 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 20 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 MXF advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 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 MXF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MXF broke above its upper Bollinger Band on June 06, 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)
Industry description
General Information
Category Unknown
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MXF and
Correlation & Price change
A.I.dvisor indicates that over the last year, MXF has been closely correlated with EWA. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if MXF jumps, then EWA could also see price increases.