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XHE
ETF ticker: NYSE ARCA
AS OF
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Net Assets
310.12M

XHE SPDR® S&P Health Care Equipment ETF Forecast, Technical & Fundamental Analysis

Category Health
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for XHE with price predictions
07:00 PM EST Nov 26, 2023

XHE's RSI Oscillator climbs out of oversold territory

The RSI Indicator for XHE moved out of oversold territory on October 31, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 26 similar instances when the indicator left oversold territory. In of the 26 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 03, 2023. You may want to consider a long position or call options on XHE 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 XHE just turned positive on October 31, 2023. Looking at past instances where XHE's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

XHE moved above its 50-day moving average on November 20, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for XHE crossed bullishly above the 50-day moving average on November 27, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 XHE advanced for three days, in of 349 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where XHE 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 XHE entered a downward trend on November 08, 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 Abbott Laboratories (NYSE:ABT), Intuitive Surgical (NASDAQ:ISRG), Medtronic plc (NYSE:MDT), Boston Scientific Corp (NYSE:BSX), Edwards Lifesciences Corp (NYSE:EW), Align Technology (NASDAQ:ALGN).

Industry description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the health care equipment and supplies segment of a U.S. total market composite index. In seeking to track the performance of the S&P Health Care Equipment Select Industry Index (the "index"), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the health care equipment segment of the S&P Total Market Index ("S&P TMI").

Market Cap

The average market capitalization across the SPDR® S&P Health Care Equipment ETF ETF is 12.58B. The market cap for tickers in the group ranges from 257.55M to 178.59B. ABT holds the highest valuation in this group at 178.59B. The lowest valued company is OM at 257.55M.

High and low price notable news

The average weekly price growth across all stocks in the SPDR® S&P Health Care Equipment ETF ETF was 39%. For the same ETF, the average monthly price growth was 85%, and the average quarterly price growth was 81%. TCMD experienced the highest price growth at 11%, while ATRC experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the SPDR® S&P Health Care Equipment ETF ETF was -6%. For the same stocks of the ETF, the average monthly volume growth was -31% and the average quarterly volume growth was -47%

Fundamental Analysis Ratings

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

Valuation Rating: 65
P/E Growth Rating: 63
Price Growth Rating: 54
SMR Rating: 80
Profit Risk Rating: 82
Seasonality Score: 0 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Health

Profile
Fundamentals
Details
Category
Health
Address
SPDR Series TrustOne Lincoln Street Cph0326Boston
Phone
N/A
Web
www.spdrs.com
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XHE and

Correlation & Price change

A.I.dvisor indicates that over the last year, XHE has been closely correlated with IHI. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if XHE jumps, then IHI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To XHE
1D Price
Change %
XHE100%
-1.45%
IHI - XHE
89%
Closely correlated
-1.06%
IBB - XHE
69%
Closely correlated
-0.30%
VHT - XHE
69%
Closely correlated
-0.52%
XBI - XHE
67%
Closely correlated
-0.19%
XLV - XHE
60%
Loosely correlated
-0.51%