CGGO Stock Capital Group Global Growth Equity ETF (CGGO, $30.29) RSI Indicator left the overbought zone on July 10, 2024

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CGGO - Capital Group Global Growth Equity ETF

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Odds of DOWN Trend

Price: $30.29

Daily change: +$0.41 (+1.37%)

Daily volume: 555.9K

Net Assets: $4B

CGGO in downward trend: price dove below 50-day moving average on November 14, 2024

CGGO moved below its 50-day moving average on November 14, 2024 date and that indicates a change from an upward trend to a downward trend. In of 15 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CGGO as a result. In of 42 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 CGGO turned negative on November 14, 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 29 similar instances when the indicator turned negative. In of the 29 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 CGGO 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 CGGO entered a downward trend on November 11, 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.

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 CGGO advanced for three days, in of 169 cases, the price rose further within the following month. The odds of a continued upward trend are .

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