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BNKU
ETF ticker: NYSE ARCA
AS OF
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Net Assets
166.89M

BNKU MicroSectors™ US Big Banks 3X Lvrgd ETN Forecast, Technical & Fundamental Analysis

a bank, which tracks three times the performance of an equal-weighted index of U.S. Large Banks

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for BNKU with price predictions
07:00 PM EST Nov 29, 2023

Momentum Indicator for BNKU turns positive, indicating new upward trend

BNKU saw its Momentum Indicator move above the 0 level on November 02, 2023. 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 87 similar instances where the indicator turned positive. In of the 87 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for BNKU just turned positive on November 01, 2023. Looking at past instances where BNKU's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .

BNKU 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 BNKU 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 BNKU advanced for three days, in of 301 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 224 cases where BNKU 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 RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNKU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BNKU broke above its upper Bollinger Band on November 03, 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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Charles Schwab Corp (The) (NYSE:SCHW), Citigroup (NYSE:C), US Bancorp (NYSE:USB), PNC Financial Services Group (NYSE:PNC).

Industry description

The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.

Market Cap

The average market capitalization across the MicroSectors™ US Big Banks 3X Lvrgd ETN ETF is 140.74B. The market cap for tickers in the group ranges from 51.33B to 443.89B. JPM holds the highest valuation in this group at 443.89B. The lowest valued company is PNC at 51.33B.

High and low price notable news

The average weekly price growth across all stocks in the MicroSectors™ US Big Banks 3X Lvrgd ETN ETF was 9%. For the same ETF, the average monthly price growth was 21%, and the average quarterly price growth was 26%. SCHW experienced the highest price growth at 10%, while MS experienced the biggest fall at 1%.

Volume

The average weekly volume growth across all stocks in the MicroSectors™ US Big Banks 3X Lvrgd ETN ETF was 63%. For the same stocks of the ETF, the average monthly volume growth was 16% and the average quarterly volume growth was -7%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 64
P/E Growth Rating: 57
Price Growth Rating: 42
SMR Rating: 4
Profit Risk Rating: 63
Seasonality Score: 36 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

a bank, which tracks three times the performance of an equal-weighted index of U.S. Large Banks

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
100 King Street West, 1 First Canadian PlaceToronto, Ontario, M5X 1A1.Toronto
Phone
N/A
Web
N/A
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BNKU and

Correlation & Price change

A.I.dvisor indicates that over the last year, BNKU has been loosely correlated with SSO. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is some statistical probability that if BNKU jumps, then SSO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BNKU
1D Price
Change %
BNKU100%
+3.18%
SSO - BNKU
66%
Loosely correlated
+0.69%
SPXL - BNKU
66%
Loosely correlated
+1.06%
QLD - BNKU
45%
Loosely correlated
-0.54%
TQQQ - BNKU
45%
Loosely correlated
-0.84%
SOXL - BNKU
43%
Loosely correlated
-1.77%