SPMV Price Prediction, Invesco S&P 500 Minimum Variance ETF AI Recommendations
ETF market charts, price targets, analyst ratings and a financial calendar
SPMV in upward trend: 10-day moving average crossed above 50-day moving average on November 10, 2023
The 10-day moving average for SPMV crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 .
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 SPMV as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SPMV just turned positive on November 01, 2023. Looking at past instances where SPMV's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
SPMV moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPMV advanced for three days, in of 379 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 422 cases where SPMV 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for SPMV moved below the 200-day moving average on October 24, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPMV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SPMV broke above its upper Bollinger Band on November 03, 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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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeBlend
SPMV and
Correlation & Price change
A.I.dvisor tells us that SPMV and VIG have been poorly correlated (+6% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SPMV and VIG's prices will move in lockstep.
| Ticker / NAME | Correlation To SPMV | 1D Price Change % | ||
|---|---|---|---|---|
| SPMV | 100% | N/A | ||
| VIG - SPMV | 6% Poorly correlated | +0.84% | ||
| VTI - SPMV | 6% Poorly correlated | +0.40% | ||
| VOO - SPMV | 5% Poorly correlated | +0.34% | ||
| IVV - SPMV | 5% Poorly correlated | +0.35% | ||
| SPY - SPMV | 5% Poorly correlated | +0.36% |