ACES ALPS Clean Energy ETF Forecast, Technical & Fundamental Analysis
The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the "underlying index")... Show more
ACES in -2.40% downward trend, falling for three consecutive days on April 16, 2025
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ACES declined for three days, in of 308 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Aroon Indicator for ACES entered a downward trend on April 03, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ACES's RSI Oscillator exited the oversold zone, of 34 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 22, 2025. You may want to consider a long position or call options on ACES as a result. In of 72 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ACES just turned positive on April 17, 2025. Looking at past instances where ACES's MACD turned positive, the stock continued to rise in of 46 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 ACES advanced for three days, in of 294 cases, the price rose further within the following month. The odds of a continued upward trend are .
ACES may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category MiscellaneousSector
ACES and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, ACES has been closely correlated with QCLN. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if ACES jumps, then QCLN could also see price increases.
| Ticker / NAME | Correlation To ACES | 1D Price Change % | ||
|---|---|---|---|---|
| ACES | 100% | -0.23% | ||
| QCLN - ACES | 95% Closely correlated | +0.57% | ||
| TAN - ACES | 90% Closely correlated | -1.94% | ||
| ICLN - ACES | 89% Closely correlated | -1.88% | ||
| XT - ACES | 75% Closely correlated | +1.70% | ||
| GRID - ACES | 70% Closely correlated | +0.88% | ||
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