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BUG
ETF ticker: NASDAQ
AS OF
Dec 20, 04:59 PM (EDT)
Price
$32.75
Change
+$0.27 (+0.83%)
Net Assets
809.08M

BUG Global X Cybersecurity ETF Forecast, Technical & Fundamental Analysis

Category Technology
BUG
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for BUG with price predictions
Dec 20, 2024

Momentum Indicator for BUG turns negative, indicating new downward trend

BUG saw its Momentum Indicator move below the 0 level on December 18, 2024. 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 78 similar instances where the indicator turned negative. In of the 78 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 RSI Indicator for BUG moved out of overbought territory on December 05, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for BUG turned negative on December 10, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BUG 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 Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

BUG moved above its 50-day moving average on December 20, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BUG advanced for three days, in of 361 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

The Aroon Indicator entered an Uptrend today. In of 267 cases where BUG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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

General Information

Category Technology

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

Correlation & Price change

A.I.dvisor indicates that over the last year, BUG has been closely correlated with CIBR. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if BUG jumps, then CIBR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BUG
1D Price
Change %
BUG100%
+0.62%
CIBR - BUG
93%
Closely correlated
+1.15%
VGT - BUG
67%
Closely correlated
+1.58%
IYW - BUG
65%
Loosely correlated
+1.55%
XLK - BUG
62%
Loosely correlated
+1.49%
CHAT - BUG
62%
Loosely correlated
+1.71%
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