CARZ First Trust S-Network Fut Vhcl&Tech ETF Forecast, Technical & Fundamental Analysis
CARZ in upward trend: price rose above 50-day moving average on December 02, 2024
CARZ moved above its 50-day moving average on December 02, 2024 date and that indicates a change from a downward trend to an upward trend. In of 42 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 27, 2024. You may want to consider a long position or call options on CARZ as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CARZ just turned positive on December 02, 2024. Looking at past instances where CARZ's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for CARZ crossed bullishly above the 50-day moving average on December 03, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The 50-day moving average for CARZ moved above the 200-day moving average on November 19, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CARZ advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 241 cases where CARZ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
CARZ broke above its upper Bollinger Band on December 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
General Information
Category ConsumerDiscretionary
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GDSTX | 27.56 | N/A | N/A |
| Goldman Sachs Small Cap Eq Insghts Inv | |||
| WGISX | 12.56 | -0.04 | -0.32% |
| Wasatch International Select Instl | |||
| SHXCX | 14.10 | -0.07 | -0.49% |
| American Beacon Shapiro Equity Opps C | |||
| CMNWX | 86.11 | -0.56 | -0.65% |
| Principal Capital Appreciation A | |||
| SDSCX | 30.25 | -0.26 | -0.85% |
| BNY Mellon Sm/Md Cp Gr I | |||
CARZ and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CARZ has been closely correlated with PEJ. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if CARZ jumps, then PEJ could also see price increases.
| Ticker / NAME | Correlation To CARZ | 1D Price Change % | ||
|---|---|---|---|---|
| CARZ | 100% | +0.33% | ||
| PEJ - CARZ | 84% Closely correlated | -0.92% | ||
| VCR - CARZ | 78% Closely correlated | +0.10% | ||
| XLY - CARZ | 77% Closely correlated | +0.31% | ||
| FDIS - CARZ | 72% Closely correlated | +0.34% | ||
| FXD - CARZ | 66% Closely correlated | -0.36% | ||
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