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BRAZ
ETF ticker: NYSE ARCA
AS OF
Dec 23 closing price
Price
$19.90
Change
-$0.50 (-2.45%)
Net Assets
2.85M

BRAZ Global X Brazil Active ETF Forecast, Technical & Fundamental Analysis

BRAZ
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for BRAZ with price predictions
Dec 23, 2024

BRAZ's RSI Indicator ascending out of oversold territory

The RSI Oscillator for BRAZ moved out of oversold territory on December 19, 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 6 similar instances when the indicator left oversold territory. In of the 6 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 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 BRAZ advanced for three days, in of 81 cases, the price rose further within the following month. The odds of a continued upward trend are .

BRAZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BRAZ as a result. In of 24 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 BRAZ 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 BRAZ entered a downward trend on December 23, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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BRAZ
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category LatinAmericaStock

Profile
Fundamentals
Details
Category
Latin America Stock
Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com
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BRAZ and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, BRAZ has been closely correlated with EWZ. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if BRAZ jumps, then EWZ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BRAZ
1D Price
Change %
BRAZ100%
-2.44%
EWZ - BRAZ
92%
Closely correlated
-2.04%
FLBR - BRAZ
89%
Closely correlated
-2.14%
FLLA - BRAZ
86%
Closely correlated
-1.77%
EWZS - BRAZ
86%
Closely correlated
-4.30%
ILF - BRAZ
85%
Closely correlated
-1.13%
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