XSMO Invesco S&P SmallCap Momentum ETF Forecast, Technical & Fundamental Analysis
XSMO's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for XSMO turned positive on November 02, 2023. Looking at past instances where XSMO's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 01, 2023. You may want to consider a long position or call options on XSMO as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
XSMO moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for XSMO crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 XSMO advanced for three days, in of 351 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 302 cases where XSMO 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 XSMO moved out of overbought territory on December 05, 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 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XSMO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
XSMO broke above its upper Bollinger Band on December 04, 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 SmallGrowth
XSMO and
Correlation & Price change
A.I.dvisor indicates that over the last year, XSMO has been closely correlated with SLYG. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if XSMO jumps, then SLYG could also see price increases.
| Ticker / NAME | Correlation To XSMO | 1D Price Change % | ||
|---|---|---|---|---|
| XSMO | 100% | -0.34% | ||
| SLYG - XSMO | 92% Closely correlated | -0.33% | ||
| IJT - XSMO | 92% Closely correlated | -0.17% | ||
| VTWG - XSMO | 89% Closely correlated | -0.27% | ||
| IWO - XSMO | 88% Closely correlated | -0.22% | ||
| VBK - XSMO | 83% Closely correlated | -0.27% |