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RFG
ETF ticker: NYSE ARCA
AS OF
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Net Assets
246.6M

RFG Invesco S&P MidCap 400® Pure Growth ETF Forecast, Technical & Fundamental Analysis

Category MidCapGrowth
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for RFG with price predictions
07:00 PM EST Nov 27, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Dropbox (NASDAQ:DBX), Annaly Capital Management (NYSE:NLY), Range Resources Corp (NYSE:RRC), ANTERO RESOURCES Corp (NYSE:AR), Southwestern Energy Company (NYSE:SWN), Exelixis (NASDAQ:EXEL), Valaris Limited (NYSE:VAL), SLM Corp (NASDAQ:SLM).

Industry description

The investment seeks to track the investment results (before fees and expenses) of the S&P MidCap 400® Pure Growth Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of a subset of securities from the S&P MidCap 400® Index that exhibit strong growth characteristics.

Market Cap

The average market capitalization across the Invesco S&P MidCap 400® Pure Growth ETF ETF is 7.03B. The market cap for tickers in the group ranges from 2.49B to 16.9B. DECK holds the highest valuation in this group at 16.9B. The lowest valued company is CALX at 2.49B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco S&P MidCap 400® Pure Growth ETF ETF was -0%. For the same ETF, the average monthly price growth was 6%, and the average quarterly price growth was 9%. CROX experienced the highest price growth at 9%, while NXST experienced the biggest fall at -5%.

Volume

The average weekly volume growth across all stocks in the Invesco S&P MidCap 400® Pure Growth ETF ETF was -56%. For the same stocks of the ETF, the average monthly volume growth was -67% and the average quarterly volume growth was -65%

Fundamental Analysis Ratings

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

Valuation Rating: 65
P/E Growth Rating: 44
Price Growth Rating: 50
SMR Rating: 54
Profit Risk Rating: 47
Seasonality Score: -16 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category MidCapGrowth

Profile
Fundamentals
Details
Category
Mid-Cap Growth
Address
Powershares Exchange Traded Fund Trust227 E Prairie AveWheaton
Phone
N/A
Web
www.invescopowershares.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RFG
1D Price
Change %
RFG100%
-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%
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