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UMMA
ETF ticker: NASDAQ
AS OF
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Net Assets
56.46M

UMMA Wahed Dow Jones Islamic World ETF Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for UMMA with price predictions
07:00 PM EST Nov 30, 2023

UMMA in upward trend: price rose above 50-day moving average on November 03, 2023

UMMA moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend. In of 11 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on UMMA as a result. In of 23 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for UMMA just turned positive on November 02, 2023. Looking at past instances where UMMA's MACD turned positive, the stock continued to rise in of 14 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for UMMA crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UMMA advanced for three days, in of 94 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 75 cases where UMMA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 19 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), AstraZeneca PLC (NASDAQ:AZN), PDD Holdings (NASDAQ:PDD), BHP Group Limited (NYSE:BHP), Shopify (NYSE:SHOP), Canadian Natural Resources Limited (NYSE:CNQ), Vale SA (NYSE:VALE), JD.com (NASDAQ:JD), Suncor Energy (NYSE:SU), American Airlines Group (NASDAQ:AAL).

Industry description

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to invests in equity securities of global companies (excluding U.S. domiciled companies) the characteristics of which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by subject-matter experts (each, a “Shariah Compliant Company”). The adviser seeks to invest the fund’s assets in securities similar to the components of, and to achieve returns similar to those of, the Dow Jones Islamic Market International Titans 100 Index (the “Index”). The fund is non-diversified.

Market Cap

The average market capitalization across the Wahed Dow Jones Islamic World ETF ETF is 75.81B. The market cap for tickers in the group ranges from 3.51M to 470.58B. TSM holds the highest valuation in this group at 470.58B. The lowest valued company is NOVN at 3.51M.

High and low price notable news

The average weekly price growth across all stocks in the Wahed Dow Jones Islamic World ETF ETF was 1%. For the same ETF, the average monthly price growth was 11%, and the average quarterly price growth was 1%. PDD experienced the highest price growth at 22%, while ARGX experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the Wahed Dow Jones Islamic World ETF ETF was 120%. For the same stocks of the ETF, the average monthly volume growth was 4% and the average quarterly volume growth was -21%

Fundamental Analysis Ratings

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

Valuation Rating: 49
P/E Growth Rating: 46
Price Growth Rating: 49
SMR Rating: 60
Profit Risk Rating: 51
Seasonality Score: 22 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category ForeignLargeGrowth

Profile
Fundamentals
Details
Category
Foreign Large Growth
Address
Listed Funds Trust490 Royal Lake DriveCape Girardeau
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UMMA and

Correlation & Price change

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

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To UMMA
1D Price
Change %
UMMA100%
+0.78%
EFG - UMMA
91%
Closely correlated
+0.88%
DNL - UMMA
91%
Closely correlated
+1.05%
CGXU - UMMA
89%
Closely correlated
+1.14%
VIGI - UMMA
88%
Closely correlated
+0.98%
IMTM - UMMA
79%
Closely correlated
+1.15%
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