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SQEW
ETF ticker: NYSE ARCA
AS OF
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Net Assets
135.67M

SQEW LeaderShares® Equity Skew ETF Forecast, Technical & Fundamental Analysis

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

SQEW's Indicator enters downward trend

The Aroon Indicator for SQEW entered a downward trend on September 18, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 100 similar instances where the Aroon Indicator formed such a pattern. In of the 100 cases the stock moved lower. 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 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SQEW as a result. In of 58 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for SQEW turned negative on September 18, 2023. 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 29 similar instances when the indicator turned negative. In of the 29 cases the stock turned lower in the days that followed. This puts the odds of success at .

SQEW moved below its 50-day moving average on September 05, 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 SQEW 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SQEW's RSI Indicator exited the oversold zone, of 19 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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 SQEW advanced for three days, in of 214 cases, the price rose further within the following month. The odds of a continued upward trend are .

SQEW 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 Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Walmart (NYSE:WMT), JPMorgan Chase & Co (NYSE:JPM), Johnson & Johnson (NYSE:JNJ), Procter & Gamble Company (NYSE:PG), Broadcom (NASDAQ:AVGO), Home Depot (NYSE:HD), Oracle Corp (NYSE:ORCL).

Industry description

The investment seeks to generate long-term capital growth. The fund is an actively managed exchange traded fund ("ETF") that normally invests at least 80% of its net assets, including any borrowings for investment purposes, in equity securities. The adviser employs a contrarian strategy seeking to buy underperforming asset classes and/or factors and sell outperforming asset classes and/or factors based on quantitative research. It may have a higher degree of portfolio turnover than funds that seek to replicate the performance of an index.

Market Cap

The average market capitalization across the LeaderShares® Equity Skew ETF ETF is 92.78B. The market cap for tickers in the group ranges from 20.8B to 2.32T. MSFT holds the highest valuation in this group at 2.32T. The lowest valued company is ILMN at 20.8B.

High and low price notable news

The average weekly price growth across all stocks in the LeaderShares® Equity Skew ETF ETF was -2%. For the same ETF, the average monthly price growth was -4%, and the average quarterly price growth was -1%. GEHC 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 LeaderShares® Equity Skew ETF ETF was 18%. For the same stocks of the ETF, the average monthly volume growth was 40% and the average quarterly volume growth was -7%

Fundamental Analysis Ratings

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

Valuation Rating: 60
P/E Growth Rating: 51
Price Growth Rating: 52
SMR Rating: 49
Profit Risk Rating: 49
Seasonality Score: -24 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published General Information

General Information

Category MidCapBlend

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SQEW and

Correlation & Price change

A.I.dvisor indicates that over the last year, SQEW has been closely correlated with SCHM. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if SQEW jumps, then SCHM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SQEW
1D Price
Change %
SQEW100%
+0.62%
SCHM - SQEW
83%
Closely correlated
+0.61%
IWR - SQEW
83%
Closely correlated
+0.42%
VXF - SQEW
83%
Closely correlated
+0.89%
VO - SQEW
82%
Closely correlated
+0.33%
MDY - SQEW
81%
Closely correlated
+0.62%
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