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RAYD
ETF ticker: NYSE ARCA
AS OF
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Net Assets
57.76M

RAYD Rayliant Quantitative Dev Mkt Eq ETF Forecast, Technical & Fundamental Analysis

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

RAYD's RSI Indicator climbs out of oversold territory

The RSI Oscillator for RAYD moved out of oversold territory on August 18, 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 8 similar instances when the indicator left oversold territory. In of the 8 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 shows that the ticker has stayed in the oversold zone for 7 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 RAYD advanced for three days, in of 95 cases, the price rose further within the following month. The odds of a continued upward trend are .

RAYD 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 RAYD as a result. In of 30 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 RAYD turned negative on September 15, 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 14 similar instances when the indicator turned negative. In of the 14 cases the stock turned lower in the days that followed. This puts the odds of success at .

RAYD moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for RAYD crossed bearishly below the 50-day moving average on September 18, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 5 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RAYD 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 RAYD 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 Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Eli Lilly & Co (NYSE:LLY), Unitedhealth Group (NYSE:UNH), Walmart (NYSE:WMT), Mastercard (NYSE:MA), Broadcom (NASDAQ:AVGO).

Industry description

The investment seeks long-term capital appreciation. The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity securities of developed market companies. The Adviser considers a company to be a developed market company if it is organized or maintains its principal place of business in a developed markets country. The equity securities in which it invests are primarily common stocks and depositary receipts, including unsponsored depositary receipts, but may also include preferred stocks, exchange-traded funds (“ETFs”), and securities of other investment companies.

Market Cap

The average market capitalization across the Rayliant Quantitative Dev Mkt Eq ETF ETF is 106.82B. The market cap for tickers in the group ranges from 88.85M to 2.73T. AAPL holds the highest valuation in this group at 2.73T. The lowest valued company is MATR at 88.85M.

High and low price notable news

The average weekly price growth across all stocks in the Rayliant Quantitative Dev Mkt Eq ETF ETF was -2%. For the same ETF, the average monthly price growth was -2%, and the average quarterly price growth was 6%. HUM experienced the highest price growth at 5%, while CLX experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the Rayliant Quantitative Dev Mkt Eq ETF ETF was -48%. For the same stocks of the ETF, the average monthly volume growth was 5% and the average quarterly volume growth was -7%

Fundamental Analysis Ratings

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

Valuation Rating: 59
P/E Growth Rating: 52
Price Growth Rating: 48
SMR Rating: 48
Profit Risk Rating: 45
Seasonality Score: -24 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeBlend

Profile
Fundamentals
Details
Category
Large Blend
Address
Advisors' Inner Circle Fund IIIOne Freedom Valley DriveOaks
Phone
(800) 932-7781
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RAYD and

Correlation & Price change

A.I.dvisor indicates that over the last year, RAYD has been closely correlated with VTI. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if RAYD jumps, then VTI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RAYD
1D Price
Change %
RAYD100%
-0.04%
VTI - RAYD
85%
Closely correlated
-0.21%
IVV - RAYD
85%
Closely correlated
-0.24%
SPY - RAYD
85%
Closely correlated
-0.22%
VOO - RAYD
85%
Closely correlated
-0.24%
VIG - RAYD
84%
Closely correlated
-0.13%