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SPMV
ETF ticker: BATS
AS OF
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Net Assets
21.86M

SPMV Invesco S&P 500 Minimum Variance ETF Forecast, Technical & Fundamental Analysis

Category LargeBlend
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SPMV with price predictions
08:00 PM EDT Sep 26, 2023

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 .

Price Prediction Chart

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)

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), Eli Lilly & Co (NYSE:LLY), VISA (NYSE:V), Exxon Mobil Corp (NYSE:XOM), JPMorgan Chase & Co (NYSE:JPM), Johnson & Johnson (NYSE:JNJ), Procter & Gamble Company (NYSE:PG), Home Depot (NYSE:HD).

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 210.6B. The market cap for tickers in the group ranges from 12.46B to 2.69T. AAPL holds the highest valuation in this group at 2.69T. The lowest valued company is TRMB at 12.46B.

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 -4%. For the same ETF, the average monthly price growth was -3%, and the average quarterly price growth was -1%. RMD experienced the highest price growth at 5%, while NEE experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the Invesco S&P 500 Minimum Variance ETF ETF was 19%. For the same stocks of the ETF, the average monthly volume growth was 45% and the average quarterly volume growth was -2%

Fundamental Analysis Ratings

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

Valuation Rating: 53
P/E Growth Rating: 50
Price Growth Rating: 50
SMR Rating: 52
Profit Risk Rating: 42
Seasonality Score: -41 (-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 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.

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