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MXI
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
260.59M

MXI iShares Global Materials ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for MXI with price predictions
08:00 PM EDT Sep 21, 2023

MXI's RSI Oscillator recovers from oversold territory

The RSI Indicator for MXI moved out of oversold territory on August 23, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 35 similar instances when the indicator left oversold territory. In of the 35 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MXI advanced for three days, in of 335 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.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on MXI as a result. In of 75 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 September 21, 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

MXI moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.

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

The Aroon Indicator for MXI entered a downward trend on August 29, 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are BHP Group Limited (NYSE:BHP), Vale SA (NYSE:VALE), Freeport-McMoran (NYSE:FCX), Nucor Corp (NYSE:NUE), Dow (NYSE:DOW), DuPont de Nemours (NYSE:DD), Newmont Corp (NYSE:NEM), ArcelorMittal (NYSE:MT), Wheaton Precious Metals Corp (NYSE:WPM), CF Industries Holding (NYSE:CF).

Industry description

The investment seeks to track the investment results of the S&P Global 1200 Materials IndexTM composed of global equities in the materials sector. The index measures the performance of companies that SPDJI deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. The fund generally will invest at least 80% of its assets in the component securities of its index and in investments that have economic characteristics that are substantially identical to the component securities of its index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

Market Cap

The average market capitalization across the iShares Global Materials ETF ETF is 34.09B. The market cap for tickers in the group ranges from 4.15M to 181.98B. LIN holds the highest valuation in this group at 181.98B. The lowest valued company is SIGN at 4.15M.

High and low price notable news

The average weekly price growth across all stocks in the iShares Global Materials ETF ETF was 5%. For the same ETF, the average monthly price growth was 16%, and the average quarterly price growth was 22%. CF experienced the highest price growth at 3%, while SEE experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the iShares Global Materials ETF ETF was -35%. For the same stocks of the ETF, the average monthly volume growth was -4% and the average quarterly volume growth was -38%

Fundamental Analysis Ratings

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

Valuation Rating: 35
P/E Growth Rating: 44
Price Growth Rating: 51
SMR Rating: 53
Profit Risk Rating: 52
Seasonality Score: -30 (-100 ... +100)
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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

Correlation & Price change

A.I.dvisor indicates that over the last year, MXI has been closely correlated with GNR. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if MXI jumps, then GNR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MXI
1D Price
Change %
MXI100%
+0.04%
GNR - MXI
90%
Closely correlated
-0.02%
GUNR - MXI
88%
Closely correlated
N/A
VAW - MXI
87%
Closely correlated
-0.11%
XLB - MXI
87%
Closely correlated
-0.10%
LIT - MXI
73%
Closely correlated
+0.75%