NDJI Nationwide Dow Jones Risk-Mngd Inc ETF Forecast, Technical & Fundamental Analysis
NDJI in upward trend: 10-day moving average broke above 50-day moving average on November 13, 2023
The 10-day moving average for NDJI crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 6 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 .
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 NDJI as a result. In of 33 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for NDJI just turned positive on November 01, 2023. Looking at past instances where NDJI's MACD turned positive, the stock continued to rise in of 16 cases over the following month. The odds of a continued upward trend are .
NDJI moved above its 50-day moving average on November 03, 2023 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 NDJI advanced for three days, in of 126 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 59 cases where NDJI 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 16 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 NDJI 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)
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeBlend
NDJI and
Correlation & Price change
A.I.dvisor tells us that NDJI and DIVO have been poorly correlated (+9% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that NDJI and DIVO's prices will move in lockstep.
| Ticker / NAME | Correlation To NDJI | 1D Price Change % | ||
|---|---|---|---|---|
| NDJI | 100% | +0.21% | ||
| DIVO - NDJI | 9% Poorly correlated | +0.18% | ||
| BDJ - NDJI | 8% Poorly correlated | +0.26% | ||
| JEPI - NDJI | 4% Poorly correlated | -0.02% | ||
| XYLD - NDJI | 4% Poorly correlated | +0.13% | ||
| JEPQ - NDJI | 3% Poorly correlated | +0.20% | ||
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