RODE Hartford Multifactor Divers Intl ETF Forecast, Technical & Fundamental Analysis
RODE sees MACD Histogram just turned negative
RODE saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 25, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 44 instances where the indicator turned negative. In of the 44 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on RODE as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
RODE moved below its 50-day moving average on September 20, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RODE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where RODE's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
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 RODE advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .
RODE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 309 cases where RODE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend 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 ForeignLargeValue
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| QDISX | 13.57 | 0.11 | +0.82% |
| Fisher IIG Stock for Ret Plns | |||
| ECLCX | 23.83 | 0.18 | +0.76% |
| Eaton Vance Growth C | |||
| PWCIX | 61.92 | 0.42 | +0.68% |
| Principal Capital Appreciation Inst | |||
| DSHZX | 9.21 | 0.03 | +0.35% |
| Brinker Capital Destinations Shelter Z | |||
| EIVDX | 12.46 | 0.04 | +0.32% |
| Allspring Special Large Cap Value Admin | |||
RODE and
Correlation & Price change
A.I.dvisor indicates that over the last year, RODE has been closely correlated with VYMI. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if RODE jumps, then VYMI could also see price increases.
| Ticker / NAME | Correlation To RODE | 1D Price Change % | ||
|---|---|---|---|---|
| RODE | 100% | +0.67% | ||
| VYMI - RODE | 96% Closely correlated | +0.71% | ||
| FNDF - RODE | 96% Closely correlated | +0.88% | ||
| EFV - RODE | 94% Closely correlated | +0.90% | ||
| IDV - RODE | 94% Closely correlated | +0.87% | ||
| DFIV - RODE | 94% Closely correlated | +1.11% |