SPMV Invesco S&P 500 Minimum Variance ETF Forecast, Technical & Fundamental Analysis
SPMV sees MACD Histogram just turned negative
SPMV saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 21, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 48 instances where the indicator turned negative. In of the 48 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 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SPMV as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
SPMV moved below its 50-day moving average on September 15, 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 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 .
The Aroon Indicator for SPMV entered a downward trend on September 05, 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 RSI Indicator shows that the ticker has stayed in the oversold zone for 3 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 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 SPMV advanced for three days, in of 370 cases, the price rose further within the following month. The odds of a continued upward trend are .
SPMV 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)
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 LargeBlend
SPMV and
Correlation & Price change
A.I.dvisor tells us that SPMV and VTI have been poorly correlated (+-7% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SPMV and VTI's prices will move in lockstep.
| Ticker / NAME | Correlation To SPMV | 1D Price Change % | ||
|---|---|---|---|---|
| SPMV | 100% | -0.70% | ||
| VTI - SPMV | -7% Poorly correlated | +0.10% | ||
| VOO - SPMV | -8% Poorly correlated | +0.02% | ||
| SPY - SPMV | -8% Poorly correlated | +0.04% | ||
| IVV - SPMV | -8% Poorly correlated | +0.03% | ||
| VIG - SPMV | -9% Poorly correlated | -0.08% |