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MXI
ETF ticker: NYSE ARCA
AS OF
Dec 18, 04:46 PM (EDT)
Price
$78.29
Change
-$2.40 (-2.97%)
Net Assets
209.95M

MXI iShares Global Materials ETF Forecast, Technical & Fundamental Analysis

MXI
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for MXI with price predictions
Dec 17, 2024

MXI in -1.41% downward trend, declining for three consecutive days on December 17, 2024

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 MXI declined for three days, in of 291 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MXI as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for MXI turned negative on December 13, 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 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

The Aroon Indicator for MXI entered a downward trend on December 17, 2024. 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 Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MXI advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .

MXI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

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

General Information

Category NaturalResources

Profile
Fundamentals
Details
Category
Natural Resources
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
Web
www.ishares.com
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MXI and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, MXI has been closely correlated with XLB. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if MXI jumps, then XLB could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MXI
1D Price
Change %
MXI100%
-0.33%
XLB - MXI
87%
Closely correlated
-0.55%
VAW - MXI
87%
Closely correlated
-0.80%
GNR - MXI
83%
Closely correlated
-0.69%
GUNR - MXI
83%
Closely correlated
-0.79%
COPX - MXI
81%
Closely correlated
-1.17%
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