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XPND
ETF ticker: NYSE ARCA
AS OF
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Net Assets
11.07M

XPND First Trust Expanded Technology ETF Forecast, Technical & Fundamental Analysis

Category Technology
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for XPND with price predictions
07:00 PM EST Dec 06, 2023

Momentum Indicator for XPND turns positive, indicating new upward trend

XPND saw its Momentum Indicator move above the 0 level on December 07, 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 41 similar instances where the indicator turned positive. In of the 41 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 32 cases where XPND's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

XPND 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.

The 10-day moving average for XPND crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 7 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 XPND advanced for three days, in of 147 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 103 cases where XPND 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 10-day RSI Indicator for XPND moved out of overbought territory on December 04, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 13 similar instances where the indicator moved out of overbought territory. In of the 13 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for XPND turned negative on December 04, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 19 similar instances when the indicator turned negative. In of the 19 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where XPND declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), VISA (NASDAQ:V), Broadcom (NASDAQ:AVGO), Mastercard (NASDAQ:MA), Adobe (NASDAQ:ADBE), Salesforce (NASDAQ:CRM).

Industry description

The investment seeks to provide long-term capital appreciation. The fund will invest at least 80% of its net assets in the common stocks of companies identified by it’s investment advisor as either information technology companies or financial companies and communication services companies whose operations are principally derived from and/or dependent upon technology ( “Expanded Technology Companies” ). The fund’s investments will be concentrated (i.e., invest more than 25% of fund assets) in the industries or group of industries comprising the information technology sector. It is non-diversified.

Market Cap

The average market capitalization across the First Trust Expanded Technology ETF ETF is 246.22B. The market cap for tickers in the group ranges from 7.99B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is LSCC at 7.99B.

High and low price notable news

The average weekly price growth across all stocks in the First Trust Expanded Technology ETF ETF was 17%. For the same ETF, the average monthly price growth was 34%, and the average quarterly price growth was 65%. SWKS experienced the highest price growth at 6%, while CHTR experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the First Trust Expanded Technology ETF ETF was -14%. For the same stocks of the ETF, the average monthly volume growth was -2% and the average quarterly volume growth was 1%

Fundamental Analysis Ratings

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

Valuation Rating: 66
P/E Growth Rating: 47
Price Growth Rating: 33
SMR Rating: 44
Profit Risk Rating: 37
Seasonality Score: 7 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Technology

Profile
Fundamentals
Details
Category
Technology
Address
First Trust Exchange-Traded Fund VIII120 East Liberty Drive, Suite 400Wheaton
Phone
N/A
Web
N/A
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XPND and

Correlation & Price change

A.I.dvisor tells us that XPND and SOXX have been poorly correlated (+6% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that XPND and SOXX's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To XPND
1D Price
Change %
XPND100%
+1.45%
SOXX - XPND
6%
Poorly correlated
+2.68%
SMH - XPND
6%
Poorly correlated
+2.29%
IYW - XPND
3%
Poorly correlated
+1.70%
XLK - XPND
3%
Poorly correlated
+1.21%
VGT - XPND
3%
Poorly correlated
+1.08%