XSLV Invesco S&P SmallCap Low Volatility ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for XSLV turns positive, indicating new upward trend
XSLV saw its Momentum Indicator move above the 0 level on May 23, 2022. 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 90 similar instances where the indicator turned positive. In 78 of the 90 cases, the stock moved higher in the following days. The odds of a move higher are at 87%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where XSLV's RSI Oscillator exited the oversold zone, of 17 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for XSLV just turned positive on May 17, 2022. Looking at past instances where XSLV'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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XSLV advanced for three days, in of 336 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
XSLV moved below its 50-day moving average on April 22, 2022 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XSLV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
XSLV broke above its upper Bollinger Band on May 26, 2022. 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.
The Aroon Indicator for XSLV entered a downward trend on May 23, 2022. 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)
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General Information
Category SmallBlend
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XSLV and
Correlation & Price change
A.I.dvisor indicates that over the last year, XSLV has been closely correlated with IJR. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if XSLV jumps, then IJR could also see price increases.
| Ticker / NAME | Correlation To XSLV | 1D Price Change % |
|---|---|---|
| XSLV | 100% | +1.11% |
| IJR - XSLV | 89% Closely correlated | +2.10% |
| FNDA - XSLV | 88% Closely correlated | +2.04% |
| VB - XSLV | 83% Closely correlated | +2.29% |
| VTWO - XSLV | 82% Closely correlated | +2.18% |
| IWM - XSLV | 82% Closely correlated | +2.23% |
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