SPDR® S&P Global Natural Resources ETF (GNR, $53.1) entered Downtrend as Momentum indicator drops below 0 level on May 30, 2025

@NaturalResources, #TechnicalAnalysis, #Momentum, #Bearish, #ETFs
GNR - SPDR® S&P Global Natural Resources ETF
Momentum signal
Bearish Trend
84%
Odds of DOWN Trend
Price: $53.1
Daily change: -$0.16 (-0.3%)
Daily volume: 242.4K
Net Assets: $2.7B

This indicator may be signaling that GNR's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 87 similar cases where GNR's Momentum Indicator fell below the 0 level, and 73 of them led to a successful outcome. Odds of Success: 84%.