XPND First Trust Expanded Technology ETF Forecast, Technical & Fundamental Analysis
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 .
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)
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
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.
| Ticker / NAME | Correlation To XPND | 1D Price Change % | ||
|---|---|---|---|---|
| XPND | 100% | +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% |