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SPMV
ETF ticker: BATS
AS OF
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Price
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Net Assets
8.04M

SPMV Price Prediction, Invesco S&P 500 Minimum Variance ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SPMV with price predictions
07:00 PM EST Nov 28, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Tesla (NASDAQ:TSLA), Eli Lilly & Co (NYSE:LLY), Broadcom (NASDAQ:AVGO), JPMorgan Chase & Co (NYSE:JPM), Exxon Mobil Corp (NYSE:XOM), Procter & Gamble Company (NYSE:PG).

Industry description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Minimum Volatility Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to measure the performance of a subset of constituent securities of the S&P 500 Index using a managed volatility equity strategy that seeks to achieve lower total volatility than the S&P 500 ® Index, while maintaining other similar characteristics of the S&P 500 ® Index.

Market Cap

The average market capitalization across the Invesco S&P 500 Minimum Variance ETF ETF is 226.33B. The market cap for tickers in the group ranges from 11.05B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is TRMB at 11.05B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco S&P 500 Minimum Variance ETF ETF was 0%. For the same ETF, the average monthly price growth was 7%, and the average quarterly price growth was 3%. CCI experienced the highest price growth at 14%, while HRL experienced the biggest fall at -6%.

Volume

The average weekly volume growth across all stocks in the Invesco S&P 500 Minimum Variance ETF ETF was -32%. For the same stocks of the ETF, the average monthly volume growth was -46% and the average quarterly volume growth was -51%

Fundamental Analysis Ratings

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

Valuation Rating: 54
P/E Growth Rating: 49
Price Growth Rating: 42
SMR Rating: 52
Profit Risk Rating: 39
Seasonality Score: -1 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeBlend

Profile
Fundamentals
Details
Category
Large Blend
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPMV
1D Price
Change %
SPMV100%
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%