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RWK
ETF ticker: NYSE ARCA
AS OF
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Net Assets
510.81M

RWK Invesco S&P MidCap 400 Revenue ETF Forecast, Technical & Fundamental Analysis

Category MidCapValue
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for RWK with price predictions
08:00 PM EDT Sep 21, 2023

Momentum Indicator for RWK turns negative, indicating new downward trend

RWK saw its Momentum Indicator move below the 0 level on September 12, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned negative. In of the 83 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for RWK turned negative on September 07, 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

RWK 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 10-day moving average for RWK crossed bearishly below the 50-day moving average on August 24, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 RWK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for RWK entered a downward trend on September 06, 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 shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RWK advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .

RWK 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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Owens Corning (NYSE:OC), Lattice Semiconductor Corp (NASDAQ:LSCC), Annaly Capital Management (NYSE:NLY), Dropbox (NASDAQ:DBX), Five Below (NASDAQ:FIVE), Universal Display Corp (NASDAQ:OLED), Skechers USA (NYSE:SKX), Cleveland-Cliffs (NYSE:CLF), Range Resources Corp (NYSE:RRC), ANTERO RESOURCES Corp (NYSE:AR).

Industry description

The investment seeks to track the investment results (before fees and expenses) of the S&P MidCap 400® Revenue-Weighted Index. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. The index is designed to measure the performance of positive revenue-producing constituent securities of the S&P MidCap 400 ® Index (the “Parent index”). The Parent index is comprised of common stocks of approximately 400 mid-capitalization companies that generally represent the mid-cap universe of the U.S. equity market.

Market Cap

The average market capitalization across the Invesco S&P MidCap 400 Revenue ETF ETF is 5.73B. The market cap for tickers in the group ranges from 1.38B to 16.4B. HUBB holds the highest valuation in this group at 16.4B. The lowest valued company is HE at 1.38B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco S&P MidCap 400 Revenue ETF ETF was -2%. For the same ETF, the average monthly price growth was -3%, and the average quarterly price growth was 9%. FYBR experienced the highest price growth at 7%, while HTZ experienced the biggest fall at -16%.

Volume

The average weekly volume growth across all stocks in the Invesco S&P MidCap 400 Revenue ETF ETF was -59%. For the same stocks of the ETF, the average monthly volume growth was -14% and the average quarterly volume growth was -18%

Fundamental Analysis Ratings

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

Valuation Rating: 59
P/E Growth Rating: 52
Price Growth Rating: 55
SMR Rating: 56
Profit Risk Rating: 64
Seasonality Score: -21 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category MidCapValue

Profile
Fundamentals
Details
Category
Mid-Cap Value
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com
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RWK and

Correlation & Price change

A.I.dvisor indicates that over the last year, RWK has been closely correlated with IJJ. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if RWK jumps, then IJJ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RWK
1D Price
Change %
RWK100%
-0.46%
IJJ - RWK
89%
Closely correlated
-0.12%
IWS - RWK
87%
Closely correlated
-0.40%
VOE - RWK
84%
Closely correlated
-0.40%
COWZ - RWK
80%
Closely correlated
-0.33%
SDY - RWK
79%
Closely correlated
-0.45%