BOAT SonicShares™ Global Shipping ETF Forecast, Technical & Fundamental Analysis
BOAT's RSI Oscillator climbs out of oversold territory
The RSI Oscillator for BOAT moved out of oversold territory on December 23, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 21 similar instances when the indicator left oversold territory. In of the 21 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 31, 2024. You may want to consider a long position or call options on BOAT as a result. In of 59 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 December 24, 2024. Looking at past instances where BOAT's MACD turned positive, the stock continued to rise in of 26 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 BOAT advanced for three days, in of 247 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 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 .
The Aroon Indicator for BOAT entered a downward trend on January 02, 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.
General Information
Category Industrials
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| ADCVX | 21.53 | 0.26 | +1.22% |
| American Century Disciplined Growth A | |||
| VYRDX | 17.41 | 0.09 | +0.52% |
| VY® Columbia Small Cap Value II R6 | |||
| EIVDX | 14.76 | 0.07 | +0.48% |
| Allspring Special Large Cap Value Admin | |||
| FSMEX | 65.43 | 0.11 | +0.17% |
| Fidelity Select Medical Tech and Devcs | |||
| UIVCX | 12.02 | N/A | N/A |
| MFS Intrinsic Value C | |||
BOAT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, BOAT has been loosely correlated with EXI. These tickers have moved in lockstep 39% of the time. This A.I.-generated data suggests there is some statistical probability that if BOAT jumps, then EXI could also see price increases.
| Ticker / NAME | Correlation To BOAT | 1D Price Change % | ||
|---|---|---|---|---|
| BOAT | 100% | -1.30% | ||
| EXI - BOAT | 39% Loosely correlated | +0.87% | ||
| PPA - BOAT | 32% Poorly correlated | +0.68% | ||
| XAR - BOAT | 30% Poorly correlated | +0.52% | ||
| XLI - BOAT | 29% Poorly correlated | +0.60% | ||
| VIS - BOAT | 29% Poorly correlated | +0.54% | ||
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