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CEFS
ETF ticker: BATS
AS OF
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Net Assets
122.17M

CEFS Saba Closed-End Funds ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CEFS with price predictions
08:00 PM EDT Sep 21, 2023

CEFS's RSI Indicator ascending out of oversold territory

The RSI Oscillator for CEFS moved out of oversold territory on August 21, 2023. 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 21 similar instances when the indicator left oversold territory. In of the 21 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 is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CEFS advanced for three days, in of 394 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CEFS as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for CEFS turned negative on September 21, 2023. 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

CEFS moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CEFS crossed bearishly below the 50-day moving average on August 21, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 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 CEFS 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 CEFS entered a downward trend on August 29, 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to provide capital appreciation and dividend income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers") that invest in equity and fixed income securities. The fund normally invests in underlying funds that primarily pursue high income opportunities.

High and low price notable news

The average weekly price growth across all stocks in the Saba Closed-End Funds ETF ETF was 2%. For the same ETF, the average monthly price growth was 2%, and the average quarterly price growth was 6%. DMA experienced the highest price growth at 6%, while BIGZ experienced the biggest fall at -4%.

Volume

The average weekly volume growth across all stocks in the Saba Closed-End Funds ETF ETF was -54%. For the same stocks of the ETF, the average monthly volume growth was -46% and the average quarterly volume growth was -61%

Fundamental Analysis Ratings

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

Valuation Rating: 36
P/E Growth Rating: 55
Price Growth Rating: 48
SMR Rating: 54
Profit Risk Rating: 67
Seasonality Score: -44 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category ModerateAllocation

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Tactical Allocation
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EXCHANGE TRADED CONCEPTS TRUST II3555 Northwest 58th Street, Suite 410Okalahoma City
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CEFS and

Correlation & Price change

A.I.dvisor indicates that over the last year, CEFS has been closely correlated with YYY. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if CEFS jumps, then YYY could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CEFS
1D Price
Change %
CEFS100%
N/A
YYY - CEFS
71%
Closely correlated
+0.53%
BCAT - CEFS
61%
Loosely correlated
N/A
GLO - CEFS
60%
Loosely correlated
-1.34%
DALI - CEFS
58%
Loosely correlated
+0.07%
RIV - CEFS
39%
Loosely correlated
-0.37%
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