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CGMS
ETF ticker: NYSE ARCA
AS OF
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Net Assets
292.16M

CGMS Capital Group U.S. Multi-Sector Inc ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CGMS with price predictions
07:00 PM EST Nov 30, 2023

CGMS in +0.90% Uptrend, advancing for three consecutive days on November 29, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where CGMS advanced for three days, in of 57 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 31, 2023. You may want to consider a long position or call options on CGMS as a result. In of 15 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 CGMS just turned positive on October 27, 2023. Looking at past instances where CGMS's MACD turned positive, the stock continued to rise in of 7 cases over the following month. The odds of a continued upward trend are .

CGMS moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for CGMS crossed bullishly above the 50-day moving average on November 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 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 Aroon Indicator entered an Uptrend today. In of 35 cases where CGMS 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 21 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

CGMS broke above its upper Bollinger Band on December 01, 2023. 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to provide a high level of current income; its secondary investment objective is capital appreciation. The fund normally invests at least 80% of its assets in the securities of issuers domiciled within the United States. The fund invests primarily in bonds and other debt instruments, which may be represented by derivatives. In seeking to achieve a high level of current income, the fund invests in a broad range of debt securities across the credit spectrum. The fund may invest in debt securities of any maturity or duration. The fund is non-diversified.
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A.I. Advisor
published General Information

General Information

Category MultisectorBond

Profile
Fundamentals
Details
Category
Multisector Bond
Address
Capital Group Core Plus Income ETF6455 IRVINE CENTER DRIVE IRVINE CA 92618
Phone
(213) 486-9200
Web
N/A
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CGMS and

Correlation & Price change

A.I.dvisor indicates that over the last year, CGMS has been loosely correlated with BTZ. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is some statistical probability that if CGMS jumps, then BTZ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CGMS
1D Price
Change %
CGMS100%
+0.93%
BTZ - CGMS
66%
Loosely correlated
+1.50%
EVV - CGMS
39%
Loosely correlated
+0.87%
PTY - CGMS
38%
Loosely correlated
+1.16%
PDI - CGMS
38%
Loosely correlated
+0.90%
GOF - CGMS
38%
Loosely correlated
+0.08%