OVF Overlay Shares Foreign Equity ETF Forecast, Technical & Fundamental Analysis
OVF's RSI Indicator climbs out of oversold territory
The RSI Indicator for OVF moved out of oversold territory on January 03, 2025. 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 33 similar instances when the indicator left oversold territory. In of the 33 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 06, 2025. You may want to consider a long position or call options on OVF as a result. In of 71 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 OVF just turned positive on January 08, 2025. Looking at past instances where OVF's MACD turned positive, the stock continued to rise in of 43 cases 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 OVF advanced for three days, in of 336 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 50-day moving average for OVF moved below the 200-day moving average on January 08, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where OVF 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 OVF entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category ForeignLargeBlend
OVF and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, OVF has been closely correlated with DIHP. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if OVF jumps, then DIHP could also see price increases.
| Ticker / NAME | Correlation To OVF | 1D Price Change % | ||
|---|---|---|---|---|
| OVF | 100% | N/A | ||
| DIHP - OVF | 94% Closely correlated | +0.41% | ||
| SSXU - OVF | 89% Closely correlated | +0.45% | ||
| IEFA - OVF | -3% Poorly correlated | +0.46% | ||
| EFA - OVF | -3% Poorly correlated | +0.41% | ||
| VEA - OVF | -3% Poorly correlated | +0.50% | ||
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