UMMA Wahed Dow Jones Islamic World ETF Forecast, Technical & Fundamental Analysis
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 .
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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category ForeignLargeGrowth
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| VBCVX | 12.61 | 0.14 | +1.12% |
| VALIC Company I Systematic Value | |||
| HCMDX | 21.42 | 0.13 | +0.61% |
| HCM Tactical Growth Investor | |||
| DPTAX | 34.93 | 0.16 | +0.46% |
| BNY Mellon Tax Managed Growth C | |||
| MCDCX | 18.79 | 0.05 | +0.27% |
| BlackRock Emerging Mkts Inv C | |||
| GEMQX | 10.98 | 0.01 | +0.09% |
| Goldman Sachs Emerging Mkts Eq ex. Chn R | |||
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.
| Ticker / NAME | Correlation To UMMA | 1D Price Change % | ||
|---|---|---|---|---|
| UMMA | 100% | +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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