VIDI Vident International Equity Strategy ETF Forecast, Technical & Fundamental Analysis
VIDI in upward trend: price rose above 50-day moving average on November 10, 2023
VIDI moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend. In of 46 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 VIDI as a result. In of 76 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 VIDI just turned positive on November 01, 2023. Looking at past instances where VIDI's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for VIDI crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 VIDI advanced for three days, in of 336 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 261 cases where VIDI 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 Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for VIDI moved below the 200-day moving average on October 25, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where VIDI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
VIDI broke above its upper Bollinger Band on November 14, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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 ForeignLargeValue
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| DHSIX | 28.28 | 0.24 | +0.86% |
| Diamond Hill Small Cap I | |||
| PEEAX | 13.92 | 0.11 | +0.80% |
| PGIM Jennison Mid-Cap Growth A | |||
| RLSFX | 11.70 | 0.07 | +0.60% |
| RiverPark Long/Short Opportunity Retail | |||
| IHGIX | 31.37 | -0.02 | -0.06% |
| Hartford Dividend and Growth A | |||
| GHACX | 31.81 | -0.17 | -0.53% |
| VanEck Global Resources Fund C | |||
VIDI and
Correlation & Price change
A.I.dvisor indicates that over the last year, VIDI has been closely correlated with VYMI. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if VIDI jumps, then VYMI could also see price increases.
| Ticker / NAME | Correlation To VIDI | 1D Price Change % | ||
|---|---|---|---|---|
| VIDI | 100% | -0.10% | ||
| VYMI - VIDI | 86% Closely correlated | -0.17% | ||
| FNDF - VIDI | 85% Closely correlated | +0.09% | ||
| DFIV - VIDI | 84% Closely correlated | +0.24% | ||
| IDV - VIDI | 84% Closely correlated | -0.22% | ||
| EFV - VIDI | 84% Closely correlated | +0.05% |