XITK Price Prediction, SPDR® FactSet Innovative Technology ETF AI Recommendations
ETF market charts, price targets, analyst ratings and a financial calendar
Momentum Indicator for XITK turns positive, indicating new upward trend
XITK saw its Momentum Indicator move above the 0 level on May 09, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned positive. In of the 78 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for XITK just turned positive on May 10, 2023. Looking at past instances where XITK's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
XITK moved above its 50-day moving average on May 17, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for XITK crossed bullishly above the 50-day moving average on May 22, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 XITK advanced for three days, in of 353 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 321 cases where XITK 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 21 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 XITK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
XITK broke above its upper Bollinger Band on May 18, 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 Technology
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| FMUCX | 13.23 | N/A | N/A |
| Federated Hermes Muni and Stock Adv C | |||
| FHGIX | 12.58 | -0.01 | -0.08% |
| Federated Hermes Global Equity IS | |||
| TPICX | 10.86 | -0.01 | -0.09% |
| Timothy Plan International C | |||
| DISAX | 23.41 | -0.10 | -0.43% |
| BNY Mellon International Stock Fund A | |||
| INFFX | 7.27 | -0.06 | -0.82% |
| Tortoise Energy Infrastructure and Inc C | |||
XITK and
Correlation & Price change
A.I.dvisor tells us that XITK and SOXX have been poorly correlated (+-9% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that XITK and SOXX's prices will move in lockstep.
| Ticker / NAME | Correlation To XITK | 1D Price Change % | ||
|---|---|---|---|---|
| XITK | 100% | +0.19% | ||
| SOXX - XITK | -9% Poorly correlated | +0.26% | ||
| VGT - XITK | -9% Poorly correlated | +0.42% | ||
| SMH - XITK | -9% Poorly correlated | +0.46% | ||
| XLK - XITK | -9% Poorly correlated | +0.50% | ||
| IYW - XITK | -10% Poorly correlated | +0.46% |