RFV Invesco S&P MidCap 400® Pure Value ETF Forecast, Technical & Fundamental Analysis
RFV's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for RFV turned positive on November 01, 2023. Looking at past instances where RFV's MACD turned positive, the stock continued to rise in of 41 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 02, 2023. You may want to consider a long position or call options on RFV as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
RFV moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for RFV crossed bullishly above the 50-day moving average on November 14, 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 .
The 50-day moving average for RFV moved above the 200-day moving average on December 04, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RFV advanced for three days, in of 325 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 318 cases where RFV 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 10-day RSI Indicator for RFV moved out of overbought territory on December 05, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator moved out of overbought territory. In of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where RFV's Stochastic Oscillator exited the overbought zone, the price fell further within 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 RFV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
RFV broke above its upper Bollinger Band on December 04, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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 SmallValue
RFV and
Correlation & Price change
A.I.dvisor indicates that over the last year, RFV has been closely correlated with VBR. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if RFV jumps, then VBR could also see price increases.
| Ticker / NAME | Correlation To RFV | 1D Price Change % | ||
|---|---|---|---|---|
| RFV | 100% | +0.62% | ||
| VBR - RFV | 95% Closely correlated | +0.81% | ||
| DFAT - RFV | 95% Closely correlated | +0.96% | ||
| IJS - RFV | 95% Closely correlated | +1.30% | ||
| AVUV - RFV | 93% Closely correlated | +1.17% | ||
| IWN - RFV | 93% Closely correlated | +1.09% | ||
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