RFG Invesco S&P MidCap 400® Pure Growth ETF Forecast, Technical & Fundamental Analysis
RFG's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for RFG turned positive on November 02, 2023. Looking at past instances where RFG'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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 20, 2023. You may want to consider a long position or call options on RFG as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
RFG moved above its 50-day moving average on November 17, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for RFG crossed bullishly above the 50-day moving average on November 22, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RFG advanced for three days, in of 360 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 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 RFG 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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category MidCapGrowth
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| FHEIX | 15.71 | 0.09 | +0.58% |
| Fidelity Advisor® Real Estate I | |||
| NBPIX | 41.11 | 0.08 | +0.19% |
| Neuberger Berman Large Cap Value Instl | |||
| CGERX | 16.60 | -0.02 | -0.12% |
| Columbia Select Global Equity R | |||
| ATECX | 101.27 | -0.23 | -0.23% |
| AB Sustainable Global Thematic C | |||
| RSINX | 14.20 | -0.13 | -0.91% |
| Victory RS Investors A | |||
RFG and
Correlation & Price change
A.I.dvisor indicates that over the last year, RFG has been loosely correlated with IJK. These tickers have moved in lockstep 40% of the time. This A.I.-generated data suggests there is some statistical probability that if RFG jumps, then IJK could also see price increases.
| Ticker / NAME | Correlation To RFG | 1D Price Change % | ||
|---|---|---|---|---|
| RFG | 100% | -1.06% | ||
| IJK - RFG | 40% Loosely correlated | -0.84% | ||
| MDYG - RFG | 39% Loosely correlated | -0.91% | ||
| IWP - RFG | 32% Poorly correlated | -0.24% | ||
| VOT - RFG | 31% Poorly correlated | -0.14% | ||
| ARKK - RFG | 25% Poorly correlated | +2.75% | ||
More | ||||