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BOAT
ETF ticker:
NYSE ARCA
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Net Assets
20.12M

BOAT SonicShares™ Global Shipping ETF Forecast, Technical & Fundamental Analysis

Category Industrials
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for BOAT with price predictions
08:00 PM EDT Jun 01, 2023

Momentum Indicator for BOAT turns negative, indicating new downward trend

BOAT saw its Momentum Indicator move below the 0 level on May 19, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 27 similar instances where the indicator turned negative. In of the 27 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day moving average for BOAT crossed bearishly below the 50-day moving average on May 03, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 4 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 June 02, 2023. 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where BOAT's RSI Oscillator exited the oversold zone, of 10 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 17 cases where BOAT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 127 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.

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 5.47B. The market cap for tickers in the group ranges from 4.88M to 165.86B. DIS holds the highest valuation in this group at 165.86B. The lowest valued company is OP at 4.88M.

High and low price notable news

The average weekly price growth across all stocks in the SonicShares™ Global Shipping ETF ETF was 1%. For the same ETF, the average monthly price growth was -3%, and the average quarterly price growth was -1%. KNOP experienced the highest price growth at 11%, while OP experienced the biggest fall at -4%.

Volume

The average weekly volume growth across all stocks in the SonicShares™ Global Shipping ETF ETF was 22%. For the same stocks of the ETF, the average monthly volume growth was 47% and the average quarterly volume growth was -8%

Fundamental Analysis Ratings

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

Valuation Rating: 23
P/E Growth Rating: 70
Price Growth Rating: 57
SMR Rating: 50
Profit Risk Rating: 57
Seasonality Score: -24 (-100 ... +100)
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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 ITA have been poorly correlated (+17% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BOAT and ITA's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BOAT
1D Price
Change %
BOAT100%
+2.02%
ITA - BOAT
17%
Poorly correlated
+2.29%
PPA - BOAT
16%
Poorly correlated
+2.39%
VIS - BOAT
11%
Poorly correlated
+3.23%
XLI - BOAT
11%
Poorly correlated
+2.91%
FXR - BOAT
10%
Poorly correlated
+3.52%
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