BOAT SonicShares™ Global Shipping ETF Forecast, Technical & Fundamental Analysis
BOAT sees MACD Histogram crosses below signal line
BOAT saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 26, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 24 instances where the indicator turned negative. In of the 24 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BOAT as a result. In of 57 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The 50-day moving average for BOAT moved below the 200-day moving average on December 09, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
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 .
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for BOAT's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BOAT advanced for three days, in of 243 cases, the price rose further within the following month. The odds of a continued upward trend are .
BOAT 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 Industrials
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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% | -1.55% | ||
| EXI - BOAT | 39% Loosely correlated | -0.72% | ||
| PPA - BOAT | 32% Poorly correlated | -1.10% | ||
| XAR - BOAT | 30% Poorly correlated | -1.02% | ||
| XLI - BOAT | 29% Poorly correlated | -0.92% | ||
| VIS - BOAT | 29% Poorly correlated | -1.12% | ||
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