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BOAT
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
20.15M

BOAT Price Prediction, SonicShares™ Global Shipping ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for BOAT with price predictions
08:00 PM EDT Sep 21, 2023

BOAT in upward trend: price rose above 50-day moving average on September 14, 2023

BOAT moved above its 50-day moving average on September 14, 2023 date and that indicates a change from a downward trend to an upward trend. In of 13 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 15, 2023. You may want to consider a long position or call options on BOAT as a result. In of 33 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 BOAT just turned positive on September 18, 2023. Looking at past instances where BOAT's MACD turned positive, the stock continued to rise in of 12 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for BOAT crossed bullishly above the 50-day moving average on September 21, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 7 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 BOAT advanced for three days, in of 151 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 135 cases where BOAT 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 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 BOAT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BOAT broke above its upper Bollinger Band on September 19, 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 Walt Disney Company (The) (NYSE:DIS), Euronav NV (NYSE:EURN), Scorpio Tankers (NYSE:STNG), DHT Holdings (NYSE:DHT), Nordic American Tanker (NYSE:NAT).

Industry description

The investment seeks to track the performance, before fees and expenses, of the Solactive Global Shipping Index. The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund’s investment adviser believes will help it track the index. The fund is non-diversified.

Market Cap

The average market capitalization across the SonicShares™ Global Shipping ETF ETF is 5.25B. The market cap for tickers in the group ranges from 262.54M to 148.67B. DIS holds the highest valuation in this group at 148.67B. The lowest valued company is PANL at 262.54M.

High and low price notable news

The average weekly price growth across all stocks in the SonicShares™ Global Shipping ETF ETF was 2%. For the same ETF, the average monthly price growth was 3%, and the average quarterly price growth was 4%. DHT experienced the highest price growth at 11%, while DIS experienced the biggest fall at -5%.

Volume

The average weekly volume growth across all stocks in the SonicShares™ Global Shipping ETF ETF was -28%. For the same stocks of the ETF, the average monthly volume growth was 16% and the average quarterly volume growth was -6%

Fundamental Analysis Ratings

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

Valuation Rating: 20
P/E Growth Rating: 49
Price Growth Rating: 51
SMR Rating: 53
Profit Risk Rating: 51
Seasonality Score: 14 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category Industrials

Profile
Fundamentals
Details
Category
Industrials
Address
Tidal ETF Trust234 West Florida Street, Suite 203Milwaukee
Phone
844-986-7676
Web
N/A
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BOAT and

Correlation & Price change

A.I.dvisor tells us that BOAT and IYJ have been poorly correlated (+9% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BOAT and IYJ's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BOAT
1D Price
Change %
BOAT100%
-0.13%
IYJ - BOAT
9%
Poorly correlated
-0.25%
XAR - BOAT
6%
Poorly correlated
-0.88%
FXR - BOAT
6%
Poorly correlated
-0.14%
ITA - BOAT
4%
Poorly correlated
-0.92%
VIS - BOAT
4%
Poorly correlated
-0.32%
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