SIXS ETC 6 Meridian Small Cap Equity ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for SIXS turns negative, indicating new downward trend
SIXS saw its Momentum Indicator move below the 0 level on December 12, 2024. 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 90 similar instances where the indicator turned negative. In of the 90 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for SIXS moved out of overbought territory on November 26, 2024. 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 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for SIXS turned negative on December 05, 2024. 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 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SIXS 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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 SIXS advanced for three days, in of 289 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 284 cases where SIXS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category SmallValue
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| FQITX | 12.68 | N/A | N/A |
| Fidelity SAI International Qly Idx | |||
| USRTX | 33.61 | -0.10 | -0.30% |
| Horizon Multi-Factor U.S. Equity Advisor | |||
| REQCX | 48.56 | -0.23 | -0.47% |
| Russell Inv Sustainable Equity C | |||
| MITCX | 37.85 | -0.19 | -0.50% |
| MFS Massachusetts Investors Tr C | |||
| RYDAX | 102.89 | -0.64 | -0.62% |
| Rydex Dow Jones Industrial Average® A | |||
SIXS and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SIXS has been closely correlated with DFAT. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if SIXS jumps, then DFAT could also see price increases.
| Ticker / NAME | Correlation To SIXS | 1D Price Change % | ||
|---|---|---|---|---|
| SIXS | 100% | -1.39% | ||
| DFAT - SIXS | 92% Closely correlated | -1.32% | ||
| AVUV - SIXS | 92% Closely correlated | -1.40% | ||
| IWN - SIXS | 92% Closely correlated | -1.35% | ||
| CALF - SIXS | 91% Closely correlated | -1.27% | ||
| VBR - SIXS | 90% Closely correlated | -1.18% | ||
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