STAX Macquarie Tax-Free USA Short Term ETF Forecast, Technical & Fundamental Analysis
STAX in upward trend: 10-day moving average moved above 50-day moving average on November 25, 2024
The 10-day moving average for STAX crossed bullishly above the 50-day moving average on November 25, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 2 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 Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where STAX advanced for three days, in of 63 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 94 cases where STAX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
General Information
Category MuniNationalShort
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| MKOR | 22.82 | -0.07 | -0.29% |
| Matthews Korea Active ETF | |||
| IYF | 112.49 | -1.27 | -1.12% |
| iShares US Financials ETF | |||
| FGD | 22.52 | -0.26 | -1.13% |
| First Trust Dow Jones Global Sel Div ETF | |||
| EMDV | 43.99 | -0.59 | -1.33% |
| ProShares MSCI Emerg Mkts Div Growers | |||
| FTXO | 32.76 | -0.59 | -1.78% |
| First Trust Nasdaq Bank ETF | |||
STAX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, STAX has been closely correlated with DFNM. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if STAX jumps, then DFNM could also see price increases.
| Ticker / NAME | Correlation To STAX | 1D Price Change % | ||
|---|---|---|---|---|
| STAX | 100% | N/A | ||
| DFNM - STAX | 73% Closely correlated | -0.18% | ||
| SHM - STAX | 72% Closely correlated | -0.04% | ||
| SUB - STAX | 67% Closely correlated | -0.06% | ||
| JMST - STAX | 50% Loosely correlated | -0.02% | ||
| MEAR - STAX | 41% Loosely correlated | -0.04% |