BOAT SonicShares™ Global Shipping ETF Forecast, Technical & Fundamental Analysis
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 .
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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Industrials
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.
| Ticker / NAME | Correlation To BOAT | 1D Price Change % | ||
|---|---|---|---|---|
| BOAT | 100% | +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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