ROAM Hartford Multifactor Emerging Mkts ETF Forecast, Technical & Fundamental Analysis
ROAM in -1.44% downward trend, sliding for three consecutive days on September 27, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ROAM declined for three days, in of 265 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ROAM as a result. In of 88 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 ROAM turned negative on September 21, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
ROAM moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.
The Aroon Indicator for ROAM entered a downward trend on September 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.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ROAM advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .
ROAM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 DiversifiedEmergingMkts
ROAM and
Correlation & Price change
A.I.dvisor tells us that ROAM and EEMV have been poorly correlated (+-0% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that ROAM and EEMV's prices will move in lockstep.
| Ticker / NAME | Correlation To ROAM | 1D Price Change % | ||
|---|---|---|---|---|
| ROAM | 100% | -0.00% | ||
| EEMV - ROAM | -0% Poorly correlated | -0.11% | ||
| SCHE - ROAM | -4% Poorly correlated | +0.17% | ||
| SPEM - ROAM | -4% Poorly correlated | +0.12% | ||
| EEM - ROAM | -5% Poorly correlated | +0.08% | ||
| IEMG - ROAM | -5% Poorly correlated | +0.02% | ||
More | ||||