MTUM Q2 2023Publishing the MTUM chart to track. This has been the true tell of the market over the last few years.
I like to keep an eye if both the SPX and MTUM go red together to confirm the strength of any move to the downside.
Key stats
About iShares MSCI USA Momentum Factor ETF
Expense ratio
0.15%
Home page
Inception date
Apr 16, 2013
MTUM aims to pick stocks that have steadily increased in price lately. It selects and weights stocks by looking at both 6- and 12-month holding period returns, scaled by the volatility of returns over the past three years. In other words, the fund uses modified Sharpe ratios to find stocks with a smooth, positive trend line. The resulting, small-basket portfolio (it only ever holds between roughly 100 and 350 different stocks) makes large sector bets and carries high market risk. MTUM offers factor-based exposure in an efficient wrapper.
Classification
What's in the fund
Exposure type
Electronic Technology
Finance
Stock breakdown by region
MTUM Bullish!Good morning traders, today I have a chart and technical analysis of our favorite ETF, $MTUM!
I would like to preface this by stating all green lines represent supports as well as al red lines represent resistances
MTUM has had quite the significant first half of 2021, and I believe due to the f
MTUM 50-day MA moved above its 200-day MA on June 17,2020This price move may be construed as a buy signal, as it indicates the trend is shifting higher.
MTUM - Tracking Momentum - Topping Out & SlowingMTUM is the ETF ticker which tracks momentum.
The pink lines show a megaphone pattern, which is bearish when tilted up. education.howthemarketworks.com
The inner white trendlines of the megaphone show price hitting the angled resistance.
The angled resistance crosses the current white price trendlin
MTUM - Momentum ETF - Confirms SPY Slowdown ComingIf MTUM is a momentum based indicator ETF, and is related to SPY, then the following patterns would confirm SP500 bearish correction is coming.
MTUM is the iShares ETF "Exposure to large- and mid-cap U.S. stocks exhibiting relatively higher price momentum" www.ishares.com
In the pattern we see TH
MTUM - IShares Momentum Ticker - Outta GasLooks like MTUM is out of momentum.
This contributes and confirms that SPY should be pulling back. MTUM and SPY are correlated.
Daily view shows megaphone top. (or Broadening Top thepatternsite.com)
Megaphone Top can breakout either direction. Given the tilt of this megaphone, I feel the price is
MTUM/VLUE increasingly inversely correlated to SPYIt seems like increasingly MTUM stocks are underperforming VLUE stocks. Furthermore, this underperformance correlates increasingly negatively to SPY performance. I don't really know what this means.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.