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TRFM
ETF ticker: NYSE ARCA
AS OF
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Net Assets
20.03M

TRFM AAM Transformers ETF Forecast, Technical & Fundamental Analysis

Category Technology
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for TRFM with price predictions
08:00 PM EDT Sep 21, 2023

TRFM's RSI Indicator is staying in oversold zone for 1 day

It is expected that a price bounce should occur soon.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

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 TRFM advanced for three days, in of 78 cases, the price rose further within the following month. The odds of a continued upward trend are .

TRFM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TRFM as a result. In of 18 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 TRFM turned negative on September 15, 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 9 similar instances when the indicator turned negative. In of the 9 cases the stock turned lower in the days that followed. This puts the odds of success at .

TRFM moved below its 50-day moving average on September 07, 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 TRFM 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 TRFM entered a downward trend on August 29, 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.

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), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Tesla (NASDAQ:TSLA), Meta Platforms (NASDAQ:META), VISA (NYSE:V), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO).

Industry description

The investment seeks to track the total return performance, before fees and expenses, of the Pence Transformers Index. The fund uses a “passive management” (or indexing) approach to track the total return performance, before fees and expenses, of the index. The index is a rules-based index that measures the performance of U.S.-listed common equity securities, including American Depositary Receipts (“ADRs”) for foreign securities, of companies poised to benefit from a significant disruption and/or transformation of consumer behavior and technological innovation.

Market Cap

The average market capitalization across the AAM Transformers ETF ETF is 119.33B. The market cap for tickers in the group ranges from 1.33B to 2.73T. AAPL holds the highest valuation in this group at 2.73T. The lowest valued company is NOVA at 1.33B.

High and low price notable news

The average weekly price growth across all stocks in the AAM Transformers ETF ETF was -4%. For the same ETF, the average monthly price growth was -4%, and the average quarterly price growth was 7%. MBLY experienced the highest price growth at 6%, while PSNY experienced the biggest fall at -19%.

Volume

The average weekly volume growth across all stocks in the AAM Transformers ETF ETF was -33%. For the same stocks of the ETF, the average monthly volume growth was -2% and the average quarterly volume growth was -1%

Fundamental Analysis Ratings

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

Valuation Rating: 68
P/E Growth Rating: 64
Price Growth Rating: 54
SMR Rating: 70
Profit Risk Rating: 68
Seasonality Score: -36 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Technology

Profile
Fundamentals
Details
Category
Technology
Address
ETF Series Solutions615 East Michigan Street, Milwaukee, WisconsinEast Michigan
Phone
(414) 765-5586
Web
N/A
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TRFM and

Correlation & Price change

A.I.dvisor indicates that over the last year, TRFM has been closely correlated with VGT. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if TRFM jumps, then VGT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TRFM
1D Price
Change %
TRFM100%
+0.26%
VGT - TRFM
91%
Closely correlated
+0.28%
IYW - TRFM
91%
Closely correlated
+0.21%
XLK - TRFM
88%
Closely correlated
+0.21%
SOXX - TRFM
86%
Closely correlated
+0.83%
SMH - TRFM
85%
Closely correlated
+0.85%